Saturday 18 May 2024
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KUALA LUMPUR (Feb 23): Japan Exchange Group (JPX), the Tokyo Stock Exchange and Osaka Exchange owner, warned the public against companies that are misleading Japanese investors by selling crypto assets under the JPX brand.

In an alert earlier this month, JPX said it had been receiving inquiries from various sources regarding companies providing trades in crypto assets such as virtual currencies, including Bitcoins, using company names/logos/URLs similar to those of it, such as "JPEX", "jpex", "Japan Exchange" on websites, SNS and advertisements of all kinds.

“Be aware that the above companies and trades have no association whatsoever with Japan Exchange Group Inc (JPX) or any other companies affiliated with JPX Group,” it said.

Although JPX has not yet opened up crypto trading for Japanese investors, the company is currently taking numerous initiatives to test blockchain and distributed ledger technology (DLT) within traditional finance.

According to JPX, the initiatives aim to improve the transparency of data and the efficiency of data collection via blockchain technology.

The company, along with 33 Japanese financial institutions, has begun testing and research to discuss the possibility of applying blockchain or DLT to its existing capital market infrastructure.

 

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