Hong Kong’s leader has said the territory will tighten regulation of digital assets after police arrested six people following allegations of fraud at an unlicensed cryptocurrency exchange in the city
Hong Kong’s leader said Tuesday that the territory will tighten regulation of digital assets after police arrested six people following allegations of fraud at an unlicensed cryptocurrency exchange in the city.
The arrests on Monday followed an announcement by Hong Kong’s securities watchdog last week that the exchange, JPEX, was unlicensed and did not have authority to operate its cryptocurrency trading platform in the city. The Securities and Futures Commission said it had received more than 1,400 complaints against JPEX involving more than 1 billion Hong Kong dollars in losses.
The SFC also said some investors said complained of being unable to withdraw their virtual assets from JPEX accounts or of finding their balances were “reduced and altered.”Hong Kong’s chief executive, John Lee, told reporters Tuesday that the government would step up efforts to educate investors and remind them to use only platforms licensed by SFC.
JPEX announced Monday that it was suspending trading on its platform. It said in a statement that it was “negotiating with … third-party market makers to resolve the liquidity shortage.” In a statement Sunday, JPEX complained of “unfair treatment by relevant institutions” in Hong Kong. It accused an unnamed partnered third-party market maker of “maliciously” freezing funds.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Hong Kong central bank warns against crypto firms using banking termsHong Kong's central bank said that only licensed institutions are authorized to carry out deposit-taking businesses in the region.
Weiterlesen »
Hong Kong central bank warns against crypto firms using banking termsHong Kong’s central bank said that only licensed institutions are authorized to carry out deposit-taking businesses in the region.
Weiterlesen »
Hong Kong regulator: Crypto firms cannot claim to be 'banks'The warning comes amid a liquidity crisis at JPEX, a crypto exchange that was heavily marketed to Hong Kong citizens.
Weiterlesen »
Chinese AI firm Fourth Paradigm leads Hong Kong IPO surge to raise $280 million By ReutersChinese AI firm Fourth Paradigm leads Hong Kong IPO surge to raise $280 million
Weiterlesen »
Asian stocks dip ahead of Fed, Hong Kong shares slump By Investing.comAsian stocks dip ahead of Fed, Hong Kong shares slump
Weiterlesen »
Hong Kong Probe Into Crypto Exchanges JPEX Results in ArrestSCMP reported that Hong Kong police had received 83 complaints about the platform, which was operating without a license.
Weiterlesen »