Hong Kong’s confidence in crypto sours amid JPEX scandal

2023-10-18 12:29

The attitude of Hong Kong residents towards cryptocurrency has sharply worsened after the scandal with the JPEX cryptocurrency exchange. A survey from the Hong Kong University of Science and Technology School examined the impact of the JPEX scandal on public…

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The recent JPEX scandal has scarred the reputation of Hong Kong’s crypto industry, raising questions about the future of web3 and digital assets in the region. However, a speech by the region’s Financial Services and Treasury Secretary, Christopher Hui, at the ongoing Hong Kong Fintech week put minds at ease. Hui declared that the $165 […]

JPEX converts user stablecoins to native token without notice: Report

JPEX has begun to restrict withdrawals by converting user balances to a non-withdrawable cryptocurrency, according to reporting from The South China Morning Post on Oct. 4. The publication referenced statements from an unidentified user who claimed that her Tether (USDT) holdings along with those of others had been converted into JPC, JPEX’s own token, rendering them unable […] The post JPEX converts user stablecoins to native token without notice: Report appeared first on CryptoSlate.