JPEX, a crypto exchange, has recently come under fire from the Hong Kong Securities and Futures Commission (SFC) for operating without a license and actively promoting its services to the Hong Kong public. In response, the exchange has reportedly increased its withdrawal fee to up to 999 Tether USDT and its staff has been missing from its Token 2049 booth in Singapore. The SFC has warned opinion leaders and over-the-counter stores to cease promoting the exchange’s services. Additionally, some members of the community have criticized Token 2049 for allowing JPEX to market itself as a sponsor of the event. Overall, the SFC’s warning has caused JPEX to take drastic measures to discourage users from withdrawing their funds from the exchange.

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Information	Details
Geography	Asia
Countries	🇭🇰 🇸🇬
Sentiment	negative
Relevance Score	9
People	None
Companies	None, HKVAX, JPEX, Securities and Futures Commission (SFC), Token 2049
Currencies	hkvax, Ethereum, Bitcoin, Tether
Securities	None