🚨 We are here with exciting news in the crypto world! Following the scandal at the JPEX crypto exchange last month, Hong Kong decided to increase controls on the unlicensed exchange, which allegedly defrauded investors of $204 million. 😱🔍

👮‍♂️ A task force consisting of officials from the city's Securities and Futures Commission (SFC) and law enforcement has been established. This team will increase cooperation in monitoring and investigating illegal activities related to virtual asset trading platforms. 🤝

🌟 This step will strengthen Hong Kong's goal of becoming a regional center in crypto and fintech and increase confidence in new regulations. 🚀

🤔 So what do you think? Can this move by Hong Kong increase confidence in crypto exchanges? We are waiting your comments! 💬