JPEX hikes withdrawal fee to almost $1k after Hong Kong watchdog warning

Crypto exchange JPEX has reportedly increased its withdrawal fee to up to 999 Tether (USDT) after receiving a warning from Hong Kong’s Securities and Futures Commission (SFC). The staff of the exchange has also been reportedly missing from its Token 2049 booth in Singapore. 

On Sept. 13, the SFC, Hong Kong’s crypto watchdog, issued a warning against JPEX for actively promoting its services to the Hong Kong public despite not being licensed or applying for a license to operate in their…

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