April

JPEX

<div class="cryptonews">
 <p class="is-style-lead">The attitude of Hong Kong residents towards <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency has sharply worsened after the <a rel="noopener noreferrer nofollow" title="scandal" href="https://thebittimes.com/tag/scandal.html">scandal</a> with the JPEX <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency exchange.</p>
 <p>A survey from the Hong Kong University of Science and Technology School examined the impact of the JPEX scandal on public attitudes towards virtual assets.</p>
 <p>The survey began on Sept. 28, about 11 days after the allegations against&nbsp;JPEX were made public, and compared its results with a similar survey conducted between April and May.</p>
 <p>The survey results showed that 41% of respondents would prefer not to hold virtual assets, up 12 percentage points from the May survey.</p>
 <p>At the same time, only 20% of respondents will be ready to store virtual assets over time. This is down five percentage points from the previous survey – another sign that Hong Kong residents’ attitudes towards the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency industry may worsen.</p>
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 <p>HKUST experts admitted that the second study was conducted shortly after an alleged financial scam involving a cryptocurrency platform last month. However, the researchers did not mention the controversial crypto exchange directly.</p>
 <p>Professor Allen Huang, associate dean of HKUST Business School, said the recent financial incident has brought more public attention to the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency industry, leading to a “more conservative investment appetite.”</p>
 <blockquote class="wp-block-quote">
  <p>“As virtual assets become increasingly a part of the digital economy, more educational initiatives are needed to enhance public understanding and awareness of the risks and potentials of this emerging field.”</p> <cite>Allen Huang, associate dean of HKUST Business School</cite>
 </blockquote>
 <p>In mid-September, Hong Kong’s Securities and Futures Commission (SFC) launched an investigation into the JPEX <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> exchange. The regulator alleged that <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency influencers and the trading platform “made false or misleading statements on social media.”</p>
 <p>In addition, the country’s police said they had received at least 83 complaints related to JPEX and virtual assets worth about HK$34m ($4.3m).</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/hong-kong-s-confidence-in-crypto-sours-amid-jpex-scandal-tbt66819.html">https://thebittimes.com/hong-kong-s-confidence-in-crypto-sours-amid-jpex-scandal-tbt66819.html</a></p>

Hong Kong’s confidence in crypto sours amid JPEX scandal

TheBitTimes

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