Blockchain/Bitcoin
Over 1,600 Investors Lost HK$1.2 Billion in JPEX Crypto Exchange Scam
More than 1,600 investors have fallen victim to crypto exchange JPEX‘s scam in Hong Kong, with losses totaling HK$1.2 billion (US$154 million), according to the South China Morning Post. One investor suffered a loss of HK$40 million (US$5.1 million), the
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JPEX Crypto Exchange Accuses SFC of Unfair Treatment as Police Arrest Six
Six people have been arrested in Hong Kong as part of an investigation into suspected fraud involving the cryptocurrency exchange JPEX. According to the South China Morning Post, this scandal could cost investors up to HK$1 billion (US$ 127.7 million)
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Hong Kong’s SFC Warns Investors Against Unregulated Crypto Exchange JPEX
Hong Kong’s Securities and Futures Commission (SFC) has warned investors against using the unregulated cryptocurrency exchange JPEX. The statement stressed that no entity in the JPEX group is licensed by the SFC or has applied for a license to operate
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Beware of Crypto Firms Using the Word ‘Bank’, HKMA Cautions
The Hong Kong Monetary Authority (HKMA) has issued a warning to the public to be wary of crypto firms that describe themselves as “banks” or offer “deposits.” The central bank found that some crypto firms are using terms such as
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BIS, Hong Kong and Israel Release Report on Secure Retail CBDCs
The Hong Kong and Israel central banks along with the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre have published a report on building a more secure and accessible retail central bank digital currency (CBDC) ecosystem. Dubbed as
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SEBA Hong Kong Gets In-Principle Nod for Crypto Services
Crypto bank SEBA announced that its Hong Kong subsidiary has secured the in-principle approval from the Securities and Futures Commission (SFC). The approval includes dealing in securities, such as virtual asset-related products, advising on securities and virtual assets, and conducting
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HashKey Exchange Has Gone Live With Crypto Trading Platform
HashKey Exchange, one of Hong Kong’s licensed retail virtual asset exchange, announced that it has officially gone live on 28 August (Monday). HashKey received the approval in February from the Securities and Futures Commission (SFC). The exchange offers USD/HKD fiat
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Hong Kong Adopts ChatGPT Founder’s Worldcoin Amid Controversy
In 2021, the world was introduced to Worldcoin, a cryptocurrency project created by Sam Altman, the creator of ChatGPT. Worldcoin’s unique selling proposition lies in its vision to employ iris scans to distinguish real human users from robots in the
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HKVAX Gets In-Principle Approval for Crypto Services in Hong Kong
The Securities and Futures Commission (SFC) has issued an in-principle approval to the Hong Kong Virtual Asset Exchange (HKVAX). This makes it the third licensed virtual asset operator in Hong Kong after OSL and HashKey Exchange. HKVAX said that once
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Hong Kong Calls Out Crypto Firms Misleading Investors With False License Claims
Hong Kong’s Securities and Futures Commission (SFC) has warned unlicensed virtual asset trading platforms (VATPs) against engaging in improper practices or they may face legal and regulatory consequences. The regulator found that some unlicensed VATPs claim to have submitted license
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