Financial Digest

Crypto platform JPEX shuts down trading amid Hong Kong probe

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The crypto exchanger points the finger at its third-party market makers for freezing funds.

According to the Securities and Futures Commission, Hong Kong-based JPEX has been operating in the city without a licence.

Users won’t be able to place new orders on its Earn Trading interface from Monday, according to a statement Sunday, referring to some wealth management products. Hong Kong police are investigating JPEX after a referral from the Securities and Futures Commission, the markets regulator. JPEX said market makers had frozen funds following probes by Hong Kong authorities. Existing orders on Earn Trading will continue until the product’s maturity, it said. JPEX didn’t respond to a request for comment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shares in Chinese property giant Evergrande plunge after employees’ arrestHONG KONG, Sept 18 — Shares in Chinese property giant Evergrande plunged by around 25 per cent as markets opened in Hong Kong today, following the arrest of several of the...
Source: malaymail - 🏆 1. / 86 Read more »