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Hong Kong to tighten regulation of cryptocurrencies after arrests linked to JPEX trading platform

Summary by Ground News
Hong Kong police on Monday arrested six people connected to cryptocurrency trading platform JPEX. Police reportedly told press they had received 1,480 fraud complaints against JPEX, and the related investigation so far totalled around $HKD 1 billion ($128 million) JPEX was reportedly operating in Hong Kong without a license.

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Nikkei broke the news in Japan on Monday, September 18, 2023.
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