The warning comes amid a liquidity crisis at JPEX, a crypto exchange that was heavily marketed to Hong Kong citizens.
from a different Hong Kong regulatory body, the Securities and Futures Commission , that JPEX was operating without a license in the country.Although mainland China has officially banned cryptocurrencies, Hong Kong as a special administrative region has diverged from China’s attitude,Ethereum co-founder Vitalik Buterin recentlytowards Hong Kong’s crypto-friendliness.
A Hong Kong Legislative Council member later pushed back on Buterin’s comments, describing the country’s policies as “very stable” and© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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