JPEX

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<ul class="news-points"> 
 <li>Hong Kong Special Administrative Region’s Chief Executive has called for a stricter regulatory regime for crypto. </li> 
 <li>The Chief Executive of Hong Kong cited the case of the crypto exchange JPEX, which recently suspended withdrawals.</li> 
 <li>Hong Kong police previously arrested six people following thousands of complaints against the exchange.</li> 
</ul> 
John Lee, the Chief Executive of the Hong Kong Special Administrative Region (HKSAR), recently called for stricter crypto regulations following the <a href="https://coinedition.com/hong-kong-acts-against-jpex-crypto-exchange-influencer-faces-charges/">ongoing issues with local crypto exchange JPEX</a>. Lee’s comments came a day after the exchange suspended trading and withdrawals amid an investigation by the local police and regulators. 
According to a <a href="https://www.info.gov.hk/gia/general/202309/19/P2023091900316.htm?fontSize=1" target="_blank" rel="nofollow">press release</a> by the Government of the Hong Kong Special Administrative Region, Lee attended a media session ahead of an Executive Council meeting earlier today. During the media interaction, the government official cited the JPEX incident to highlight the need for a proper regulatory regime, given its impact on the city’s ambition to become a global digital assets hub. 
“The purpose of having a licensing regime is to …
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Hong Kong Official Calls For Crypto Regulation Amid JPEX Fiasco

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