The Hong Kong Securities and Exchange Commission (SFC) has opened a probe into the cryptocurrency exchange JPEX, leading to the arrest of one individual attached to the exchange. 
According to reports, the Hong Kong police received 83 complaints about the exchange, which has allegedly been operating without a license. 
JPEX Suspends Trading Following SFC Probe 
Hong Kong-based cryptocurrency exchange JPEX has suspended trading operations following a probe initiated by the Hong Kong Securities and Futures Commission. The probe has led to the arrest of one person connected to the exchange. The Securities and Futures Commission has stated that the cryptocurrency exchange has been operating in Hong Kong without the relevant licenses in place. Authorities have also stated they have received numerous complaints against the platform. 
The Securities and Futures Commission had recently issued a warning to the JPEX exchange, alleging that it was promoting its services to the residents of Ho

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