Ongoing JPEX Scandal Sparks SFC Crackdown in Hong Kong

• Hong Kong SFC announces plans to release a list of suspicious crypto trading platforms.
• The announcement comes after the controversial JPEX scandal, possibly “one of the largest” cases of fraud” in the region.
• These are part of the efforts of the Hong Kong SFC to make the crypto market safer and transparent.

On Monday, September 24, Hong Kong’s securities regulator, the Securities and Futures Commission (SFC) announced its plans to unveil a comprehensive “blacklist” of suspicious cryptocurrency trading platforms.

This comprehensive list, which is to be disclosed due to public demand, is comprised of all licensed, deemed licensed, closing down, and application-pending virtual asset trading platforms (VATPs). The regulator’s chief executive officer Julia Leung Fung-yee, however, warned in a press conference on Monday that bei…

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