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Hong Kong’s Crypto Push Gets Blunt Warning as Probe Erupts
A crypto controversy has erupted in Hong Kong amid a probe of a trading platform that has ensnared social-media influencers and unleashed criticisms against the key regulator. Hong Kong’s police and market regulator will address the recent arrests against crypto platform JPEX, the city’s Chief Executive John Lee said at a weekly press conference on Tuesday. The scandal, just three months into a new regime for digital assets, suggests Hong Kong’s goal of creating a crypto hub won’t be smooth sailing. JPEX’s troubles cast a spotlight yet again on the regulatory and legal showdowns in the crypto world, which ... (full story)