JPEX Crypto Exchange Probe Sees 4 More Arrests: SCMP
Hong Kong and Macau authorities say they’ve detained people closely linked to the scandal linked to the crypto exchange, bringing total arrests to 18.
Binary trading platforms with better performance and payouts
Hong Kong
Hong Kong and Macau authorities say they’ve detained people closely linked to the scandal linked to the crypto exchange, bringing total arrests to 18.
The bankrupt crypto exchange has sued former employees of Salameda, a Hong Kong-incorporated affiliate, to recover about $157.3 million.
Less than half of the fund’s investments will be in bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies, with the aim of diversifying allocations to smaller cap assets.
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.
The liquid digital assets fund, regulated by the Hong Kong Securities and Futures Commission, will open for investments on Sept. 1.
The city’s new licensing regime paves the way for exchanges to operate legally but tough compliance requirements could cost firms as much as $20 million, industry insiders say.
Hong Kong wants to be a Web3 hub, Financial Secretary Paul Chan said.
A small number of unelected individuals in Washington D.C. are exercising alarming authoritarian power as regulators, counter to the Big Apple’s stated desire to move from antiquated financial systems to digital ones, writes Omer Ozden.
The two Far East financial hubs take a comprehensive approach to overseeing crypto, and are likely to attract businesses from around the world. They don’t appear on CoinDesk’s Crypto Hubs 2023 ranking of the 15 best places to live and work for crypto professionals, but they should not be ignored.
HSBC’s customers in Hong Kong have in fact been able to trade such crypto investment products since they were listed on the Hong Kong Stock Exchange in December.