Tech »  Topic »  Hong Kong to tighten regulation of cryptocurrencies after arrests linked to JPEX trading platform

Hong Kong to tighten regulation of cryptocurrencies after arrests linked to JPEX trading platform


Hong Kong's Chief Executive John Lee gives a speech following a swearing-in ceremony to inaugurate the city's new government in Hong Kong on July 1, 2022. Hong Kong’s leader said Tuesday, Sept. 19, 2023 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. Credit: Selim Chtayti/Pool Photo via AP, File

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 ...


Copyright of this story solely belongs to phys.org . To see the full text click HERE