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Hong Kong Prepares Sweeping Rules to Foil Stealthy Crypto Purchases

Hong Kong Prepares Sweeping Rules to Foil Stealthy Crypto Purchases
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

United kingdomUnited arab emiratesHong kongRoger liHowse williamsVince turcotteRebecca choong wilkinsCarlton laiJason chanHong kong financial servicesTreasury bureauFinancial servicesHashkey exchangeSecurities futures commissionHong kong monetary authorityFutures commission

Hong Kong prepares sweeping rules to foil stealthy crypto purchases | Suvashree Ghosh & Kiuyan Wong

Dotted across Hong Kong are small shops that convert between cash and crypto with few questions asked, a modern-day echo of the city’s freewheeling past. Soon, many may shut under a looming crackdown. Officials estimate 450 shops, automated teller machines and websites in Hong Kong offer such services. They are…

United arab emiratesHong kongUnited kingdomHowse williamsVince turcotteRoger liRebecca choong wilkins bloombergCarlton laiJason chanSecurities futures commissionTreasury bureauFinancial servicesHong kong financial servicesHong kong monetary authorityHashkey exchangeFutures commission

JPEX scandal erodes public trust in cryptocurrencies, sets back Hong Kong s virtual asset hub ambitions

The implosion of JPEX is likely to make the public more cautious about investing in cryptocurrencies, but sentiment may improve in the long run, experts say.

Hong kongLung huiJohn lee ka chiuCarlton laiDaiwa laiDreamwld ipFinancial servicesHong kong university of scienceFutures commissionTreasury bureauDaiwa capitalJulian cheung chi lamJacquelin ch ng se minKong chief executive john lee ka chiuDonald dayKai lung hui

JPEX scandal erodes public trust in cryptocurrencies, sets back Hong Kong s virtual asset hub ambitions: analysts

The JPEX scandal, which is suspected to have ensnared at least 2,305 victims involving about HK$1.43 billion (US$182 million) of investments, has dealt a heavy blow to public trust in cryptocurrencies, casting a shadow over Hong Kong's ambitions to become a global virtual asset hub. The implosion of JPEX, which could turn out to be the largest financial fraud in the city's history, has rung alarm bells among local retail investors, creating near-term challenges for virtual asset companies bankin

Hong kongLung huiDaiwa laiJohn lee ka chiuCarlton laiDreamwld ipTreasury bureauFutures commissionChina morning post publishers ltdHong kong university of scienceFinancial servicesJelly tseDaiwa capitalLam chokJoseph lam chokJulian cheung chi lam

JPEX crypto fraud casts shadow over Hong Kong nascent policy — Daily Tribune

JPEX crypto fraud casts shadow over Hong Kong nascent policy — Daily Tribune
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Hong kongUnited statesUnited arab emiratesA hong kongClara chiuKristi swartzCarlton laiPolice onFutures commissionKung hing funDaiwa capital markets