On November 8, 2023, the Taiwan Financial Supervisory Commission (FSC) announced that it had arrested a JPEX partner and lecturer for violating the Banking Act. The FSC said that the individual was arrested for operating a cryptocurrency exchange without a license and for failing to report suspicious transactions. The FSC also said that it is investigating other JPEX partners and lecturers for possible violations of the Banking Act. The FSC has warned that it will take strong enforcement action against any individuals or entities that are found to be violating the Banking Act.