JPEX

Coin

<ul class="news-points"> 
 <li>Hong Kong is amidst a crypto controversy due to the arrest of influencers linked to the JPEX fraud case.</li> 
 <li>The $128 million case is raising doubts about Hong Kong’s new digital asset regime.</li> 
 <li>Hong Kong’s Chief Executive, John Lee, has announced stricter regulatory laws.</li> 
</ul> 
The rising crypto hub in Hong Kong has been impacted by a massive “crypto controversy,” as reported by Bloomberg a few hours ago. On September 18, Hong Kong’s news publication shared that six individuals, including influencers Joseph Lam and Chan Yee, were arrested under suspicion of conspiring to commit fraud in connection with the unlicensed cryptocurrency exchange JPEX. The arrest was made after the Hong Kong police received reports from 1,480 individuals related to the case. 
The HK$1 billion ($128 million) scandal has catalyzed conversations questioning the capabilities of Hong Kong’s <a href="https://coinedition.com/hong-kong-to-introduce-new-licensing-for-crypto-exchanges-this-month/" rel="noopener noreferrer nofollow">new regime for digital assets</a>. Since its introduction in June, the new digital asset framework has allowed limited trading for retail investors, thereby restricting exchange opportunities. The regulatory authority in Hong Kong has prioritized the elimination of unethical practices to safeguard investors … 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/are-jpex-arrests-the-end-of-hong-kongs-crypto-hub-aspirations/">Are JPEX Arrests The End Of Hong Kong’s Crypto Hub Aspirations?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Are JPEX Arrests The End Of Hong Kong’s Crypto Hub Aspirations?

Coin Edition

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