JPEX: Adjustments to USDT withdrawal fees have been made

Odaily News JPEX today issued a response and special announcement to the Hong Kong Securities Regulatory Commission’s statement, stating that it has adjusted the USDT withdrawal fee, set up a task force to adjust the future development direction, and awaits further guidance from the Securities Regulatory Commission. Although the announcement stated that if users have urgent currency withdrawal needs, they can arrange to withdraw coins as soon as possible by filling in the form. However, community users reported that after filling in the form, they were asked to submit documents such as identity documents and income certificates. Community staff recommended not to submit documents such as proof of identity and income to JPEX. Submitted information may be used for illegal purposes. According to previous news, the Hong Kong Securities and Futures Commission (SFC) announced yesterday that the virtual asset trading platform JPEX is an unlicensed operation. Later, it was reported on the Internet that the JPEX exchange could not withdraw funds within 8 hours. Some users pointed out that JPEX had limited the withdrawal limit to a maximum of 1,000 USDT and changed the withdrawal fee to 999 USDT, which means that retail investors can only withdraw a maximum of 1 USD. The Securities and Futures Commission of Hong Kong said it would refer the matter to the police for follow-up.