Hong Kong Secretary for Financial Services and the Treasury Hui Ching-yu said that the JPEX case was an unlicensed trading platform fraud. The authorities have made a lot of efforts in educating investors in the past period. Virtual asset trading is an emerging market, and the products are very investment opportunities and volatility. , if investors want to participate, they must first think clearly about the nature of the event and their ability to bear it. Xu Zhengyu said in our program “Saturday Accountability” that the authorities’ supervision of virtual asset platforms reflects the protection of investors. The regulatory system not only reflects the similarity between the platform and financial institutions, but also takes into account the characteristics of online operations.
Regarding the fact that the Securities and Futures Commission did not publish the list of virtual asset trading platforms that were applying for licenses before the JPEX incident, whether there was any “missing out”, he said that the authorities have emphasized through different channels in the past that only licensed institutions meet the requirements, and the Securities and Futures Commission has also A warning was issued to investors that the JPEX incident is demonstrating the importance of supervising virtual asset trading platforms.
