Odaily Planet Daily News Hong Kong Economic Daily pointed out today that even though the Hong Kong police and the Securities and Futures Commission are investigating JPEX’s suspected illegal operations, the cryptocurrency trading platform is still operating and claims to be headquartered in Dubai, with holdings in Canada, the United States, and Australia. Virtual currency platform licenses, including virtual currency platforms recognized by Canada’s FINTRAC (Financial Transactions and Reports Analysis Center).
However, the Hong Kong Economic Daily stated that the newspaper’s inquiry to FINTRAC was that registration as a money services business (MSB) does not constitute recognition of such enterprises; FINTRAC also mentioned that the authorities will not issue regulatory licenses, and MSA regulatory licenses are mainly issued by Processed by the Canadian Securities Administrators (CSA). The newspaper also checked the regulatory list of the CSA crypto-asset trading platform, but did not see JPEX’s name. The newspaper also asked the U.S. Financial Crimes Enforcement Agency (FinCEN) and the Australian Securities and Investments Commission (ASIC). JPEX also did not have the name, but JPEX claimed to have operating licenses issued by them. The report cited analysis and pointed out that if JPEX is involved in cross-regional crimes, international law enforcement agencies will be required to cooperate. Currently, many overseas regulatory agencies have blockchain blacklists that can track and lock the flow of funds and related wallets. (United News Network)