{"id":157905,"date":"2023-09-18T16:04:34","date_gmt":"2023-09-18T10:34:34","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=157905"},"modified":"2023-09-18T16:04:34","modified_gmt":"2023-09-18T10:34:34","slug":"jpex-crypto-exchange-shuts-trading-amid-regulator-probe-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/jpex-crypto-exchange-shuts-trading-amid-regulator-probe-crypto-news\/","title":{"rendered":"JPEX crypto exchange shuts trading amid regulator probe &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Dubai-based cryptocurrency exchange JPEX is shutting trading on its platform amid a probe by the Hong Kong\u2019s Securities and Futures Commission that said the firm was operating as an unlicensed entity, according to media <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-09-18\/crypto-platform-jpex-shuts-down-trading-amid-hong-kong-probe?sref=IIP4JEyu#xj4y7vzkg\">reports<\/a>.\u00a0<\/p>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/headlines\/hong-kong-web3-industry-new-associations\/\">Hong Kong Web3 industry forms new associations to push crypto hub ambition<\/a><\/p>\n<h2 class=\"wp-block-heading\">Fast facts<\/h2>\n<ul>\n<li>JPEX <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.jp-ex.io\/en\/jpex-special-announcement-20230917\/\">attributed blame to<\/a> its \u201cthird-party market makers\u201d for freezing funds and restricting liquidity, after news of investigations by Hong Kong authorities.<\/li>\n<li>Meanwhile, Hong Kong police received at least 83 complaints about the exchange, according to a South China Morning Post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.scmp.com\/news\/hong-kong\/law-and-crime\/article\/3234873\/jpex-crypto-platform-suspend-trades-monday-amid-investigation-hong-kong\">report<\/a> Monday.<\/li>\n<li>Hong Kong police arrested influencer Joseph Lam Chok Monday in connection with cryptocurrency trading platform JPEX, according to media <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.scmp.com\/news\/hong-kong\/law-and-crime\/article\/3234894\/hong-kong-influencer-joseph-lam-arrested-amid-jpex-cryptocurrency-investigation-involving-hk34\">reports<\/a>.\u00a0<\/li>\n<li>Hong Kong has been welcoming investments from digital assets companies and has set out new rules for the industry as the city aims to become a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/hong-kong-announces-policies-to-win-back-role-as-digital-asset-hub\/\">global hub<\/a> for digital assets.\u00a0<\/li>\n<li>It allows licensed cryptocurrency trading platforms to offer <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/headlines\/hong-kong-to-open-crypto-to-retail-traders\/\">services to retail investors<\/a> while implementing measures to protect individual traders.<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/the-race-is-on-for-the-web3-hub-of-asia\/\">Hong Kong? Singapore? Tokyo? Seoul? Dubai? The race is on for the Web3 hub of Asia | Part 1<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dubai-based cryptocurrency exchange JPEX is shutting trading on its platform amid a probe by the Hong Kong\u2019s Securities and Futures Commission that said the firm was operating as an unlicensed entity, according to media reports.\u00a0 See related article: Hong Kong Web3 industry forms new associations to push crypto hub ambition Fast facts JPEX attributed blame [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":157906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-157905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=157905"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157905\/revisions"}],"predecessor-version":[{"id":157907,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157905\/revisions\/157907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/157906"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=157905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=157905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=157905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}