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Top related persons:
Chung - 1 ” - 1 Cheng Lai - 1 “ - 1 influencers - 1 JPEX - 1
Top related locs:
HONG KONG Hong Kong Macao Hong JPEX
Top related orgs:
— Police - 1 Police - 1 Hong Kong - 1 Cyber Security - 1 Technology - 1 Hong Kong’s Securities - 1 Futures Commission - 1

Search resuls for: "Hong Kong’s Securities"


2 mentions found


☆ Hong Kong and Macao Police Arrest 4 More People Linked to JPEX Cryptocurrency Platform
  + stars: | 2023-09-29 | by ( Associated Press | Sept. | At A.M. | ) www.usnews.com   time to read: +2 min
HONG KONG (AP) — Police in Hong Kong and Macao said Friday they arrested four more people linked to the cryptocurrency platform JPEX, which is suspected to have defrauded more than 2,400 people of almost $200 million. Police have received 2,417 reports involving more than 1.5 billion Hong Kong dollars ($191.6 million) in alleged losses on the platform. Hong Kong police said in a news conference Friday they had arrested two men, one of whom had been trying to destroy documents with paper shredders and bleach. Cash and gold worth nearly $9 million Hong Kong dollars ($1.15 million) were also seized at three apartments in the latest police operation. Two other men were detained in Macao, with authorities seizing over 14 million Hong Kong dollars ($1.8 million) in cash and valuables, as well as money in a casino account.
Persons: Chung, ”, Cheng Lai, “, influencers, JPEX Organizations: — Police, Police, Hong Kong, Cyber Security, Technology, Hong Kong’s Securities, Futures Commission Locations: HONG KONG, Hong Kong, Macao, Hong, JPEX
☆ Hong Kong’s Proposed Crypto Rules Seek Investor, Deposit Protection
  + stars: | 2023-02-20 | by ( Elaine Yu | ) www.wsj.com   time to read: 1 min
Hong Kong’s proposed new rules on crypto platforms are a step in the city’s effort to establish itself as a digital-assets hub. Hong Kong’s securities regulator said cryptocurrency-trading companies would need to leave the city if they don’t plan on getting licenses and released proposed new rules seeking to better protect investors in the wake of the collapse of FTX. The Securities and Futures Commission would require crypto exchanges to ringfence customer deposits, put controls in place to keep crypto keys secure and make sure that no more than 2% of customer funds are stored in a so-called “hot wallet,” which is a less secure way to hold crypto assets, according to the proposed rules.
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