Hong Kong JPEX cryptocurrency scandal: new disclosure of trading platforms eyeing licence will better inform investors, John Lee says

A new move by Hong Kong’s securities watchdog to disclose pending licence applications by virtual trading platforms would better inform investors amid the JPEX fallout, Chief Executive John Lee Ka-chiu on Tuesday said.

The city leader’s latest remarks on the largest local fraud case of its kind were centred on a U-turn by the Securities and Futures Commission (SFC) to identify cryptocurrency firms seeking to set up trading services under a regulatory mechanism launched in June.