( ) -q-25- UNDATED (Correspondent Jeremy House) “in the city.” Hong Kong’s leader has said the territory will tighten regulation of digital assets. [CutID: <Cuts> HONG-KONG-CRYPTOCURRENCY-house-q-TUEam.mp3 Time: 25s Title: HONG-KONG-CRYPTOCURRENCY-house-q-TUEam Out-cue: in the city] TAG: Correspondent Jeremy House reporting. The Securities and Futures Commission said it had received more than 1,400 complaints against JPEX involving […]
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Hong Kong looks to crackdown on cryptocurrency abuse
( ) -q-25- UNDATED (Correspondent Jeremy House) “in the city.”
Hong Kong’s leader has said the territory will tighten regulation of digital assets.
[CutID: <Cuts> HONG-KONG-CRYPTOCURRENCY-house-q-TUEam.mp3
Time: 25s
Title: HONG-KONG-CRYPTOCURRENCY-house-q-TUEam
Out-cue: in the city]
TAG: Correspondent Jeremy House reporting. The Securities and Futures Commission said it had received more than 1,400 complaints against JPEX involving more than 1 billion Hong Kong dollars (about $128 million) in losses. JPEX suspended trading on its platform on Monday and blamed a third-party market maker for freezing its funds. It complained of unfair treatment by the authorities.
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VERBATIM: The announcement comes after Hong Kong police arrested six people following allegations of fraud at an unlicensed cryptocurrency exchange in the city. The arrests followed an announcement by Hong Kong’s securities watchdog last week that the exchange, JPEX, was unlicensed. The watchdog adds JPEX did not have authority to operate its cryptocurrency trading platform in the city.