The Hong Kong Securities and Futures Commission (SFC) has issued a solid warning to unregistered crypto exchange JPEX that it may face criminal charges for actively promoting its services to the Hong Kong public through influencers and over-the-counter virtual asset money changers.
The SFC also expressed concerns about JPEX’s savings product, which offers a 21% annual percentage yield for ETH, 20% for BTC, and 19% for USDT, deeming it a high-risk investment….
Read More: SFC Warns Unregistered Crypto Exchange JPEX of Potential Criminal Liability