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The JPEX fraud saga began last week when SFC revealed they have received 1,400 complaints against the exchange regarding fraud, withdrawal freeze and decline in wallet balances. Go to Source
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. Go to Source
The HKMA said that funds placed on unlicensed “crypto banks” are not protected by the region’s deposit protection scheme. Go to Source
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. Go to Source
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. Go to Source
The Hong Kong Monetary Authority, Bank of Israel and Bank for International Settlements teamed up to address the complex issues of rCBDCs. Go to Source
The new entity, ZAN, will help the mother company shake off its affiliations with Web3 and proceed to the IPO. Go to Source
Brinc partners with Cointelegraph Accelerator to establish a two-way support bridge for startups developing the future of Web3. Go to Source
Hong Kong regulators have only approved a handful of crypto exchanges to date that are permitted to offer crypto retail trading services. Go to Source
HashKey becomes the first licensed retail cryptocurrency exchange to launch in Hong Kong and anticipates major growth of the Web3 industry in the special administrative region. Go to Source
