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Hong Kong to tighten crypto regulation in wake of JPEX fraud case
19.9.2023
The JPEX fraud saga began last week when the SFC revealed it had received 1,400 complaints against the exchange regarding fraud, withdrawal freeze and declining wallet balances
Hong Kong Regulator Hosts Top Ethereum Researcher Justin Drake, Asks Him to Extend Invitation to Buterin
19.9.2023
Hong Kong legislator Johnny Ng has met with Justin Drake, a top Ethereum researcher, asking him to extend an invitation to Vitalik Buterin and other core members of the Ethereum Foundation.
In a Monday tweet, Ng said he hosted Drake at the Legislative Council Building, which is the home...
Hong Kong’s Chief Executive Calls for Tighter Crypto Regulations Citing JPEX Saga
19.9.2023
Hong Kong’s Chief Executive John Lee called for tighter regulations on crypto trading citing the recent alleged rugpull by the unlicensed crypto exchange JPEX.
Addressing a press conference, John Lee said that the JPEX saga highlights the need for tighter crypto regulations. ...
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Crypto Influencer Arrested by Hong Kong Authorities in JPEX Probe
18.9.2023
Hong Kong authorities have apprehended social media influencer Joseph Lam (Lin Zuo) for his involvement in the troubled JPEX exchange.
Lam, a trained lawyer turned insurance agent, is among the six individuals detained by the authorities in connection with the exchange, according...
Crypto influencer arrested in Hong Kong for JPEX association
18.9.2023
Hong Kong police reportedly arrested crypto influencer Joseph Lam (Lin Zuo), who goes by the username ‘jolamchok’ on Instagram, for his association with crypto exchange JPEX
Crypto Exchange JPEX Suspends Earn Trading Amid Ongoing Investigations in Hong Kong
18.9.2023
Cryptocurrency platform JPEX, headquartered in Dubai, is reportedly shutting down some of its operations, as the exchange is facing a probe from Hong Kong police and the financial regulator over suspected fraud.
The company announced Sunday that it would “delist” all transactions associated with...
Hong Kong’s Friendly Crypto Policies ‘Very Stable,’ Legislator Assures Vitalik Buterin
18.9.2023
A Hong Kong Legislative Council member has assured Ethereum co-founder Vitalik Buterin that the friendly cryptocurrency policies in Hong Kong are “very stable.” In response to Buterin’s comments expressing his unfamiliarity with Hong Kong and its “complicated...
Hong Kong Probe Into Crypto Exchanges JPEX Results in Arrest
18.9.2023
SCMP reported that Hong Kong police had received 83 complaints about the platform, which was operating without a license
JPEX blames partners for ‘maliciously’ freezing funds, causing liquidity crisis
18.9.2023
Crypto exchange JPEX has pointed the finger at its third-party market makers for “maliciously” freezing funds which led to the exchange being forced to hike withdrawal fees to battle a liquidity crisis
Hong Kong central bank warns against crypto firms using banking terms
17.9.2023
The HKMA said that funds placed on unlicensed "crypto banks" are not protected by the region's deposit protection scheme
Hong Kong central bank warns against crypto firms using banking terms
17.9.2023
The HKMA said that funds placed on unlicensed “crypto banks” are not protected by the region’s deposit protection scheme
Hong Kong Steps Up Crypto Regulation with Warnings to Imitation Banks – Here's What You Need to Know
15.9.2023
Today, the Hong Kong Monetary Authority (HKMA) issued a warning to cryptocurrency companies that improperly use the term "bank" in describing their services.
The authority stated that such wording wrongly suggests these companies are regulated by the HKMA, which is not the case. According to HKMA...
JPEX hikes withdrawal fee to almost $1k after Hong Kong watchdog warning
15.9.2023
Community members posted reports that the crypto exchange's staff has abandoned their booth at the Token 2049 event in Singapore after the warning
Vitalik Buterin Advises Caution: Evaluate Hong Kong's Crypto Friendliness for Long-Term Presence
15.9.2023
Ethereum (ETH) co-founder Vitalik Buterin has issued a word of caution to cryptocurrency projects considering establishing their operations in Hong Kong.
Speaking at the Web3 Transitions Summit in Singapore, Buterin emphasized the need to evaluate the stability of the Hong Kong government's...
Hong Kong politician responds to Vitalik's comments about crypto-friendliness
15.9.2023
Johnny Ng of Hong Kong’s Legislative Council said he “sincerely invites” Vitalik Buterin to Hong Kong to better understand the situation regarding its crypto-friendliness
SWIFT CBDC Interlinking Solution Enters Beta Testing
15.9.2023
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial payment services, has announced that its central bank digital currency (CBDC) connector has entered beta testing stages. SWIFT reported that three central banks are already testing this...
Hong Kong retains top crypto-ready position for two consecutive years
15.9.2023
While Hong Kong grabbed the top spot with a crypto readiness score (CRS) of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from 7.7 in 2022 to 7.25
Hong Kong Lawmaker Addresses Vitalik Buterin’s Concerns on City's Crypto-Friendliness
15.9.2023
Hong Kong legislator Johnny Ng has extended an invitation to Buterin to gain a firsthand understanding of the region's regulatory environment and crypto-related strategies after the Ethereum co-founder questioned the city's crypto-friendliness.
Ng asserted that Hong Kong boasts a stable policy...
SFC Warns Unregistered Crypto Exchange JPEX of Potential Criminal Liability
14.9.2023
The Hong Kong Securities and Futures Commission (SFC) has issued a solid warning to unregistered crypto exchange JPEX that it may face criminal charges for actively promoting its services to the Hong Kong public through influencers and over-the-counter virtual asset money changers.
The SFC also...
Today in Crypto: BNB Chain Developers Reveal Public Launch of opBNB's Mainnet, Nansen Launches New AI-Powered Version, Ripple Will do 80% of Hiring This Year Outside the US
13.9.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: BNB Chain Developers Reveal Public Launch of opBNB's Mainnet, Nansen Launches New AI-Powered Version...