<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTAvMDE5MmRlNGUtNzRlZi03ZGVjLWIyZTAtNWMwZTYwYTY1Mzg0.jpg"></p><p>This was the first case against JPEX, which operated in Hong Kong without a license.</p>