The freezing of funds on Hong Kong-based crypto exchange JPEX shows the need for strong crypto licensing laws, the territory’s leader, John Lee, told reporters Tuesday.
Hong Kong police arrested six people including two social media influencers after more than a thousand complaints involving a total of $128 million were filed about the exchange, the South China Morning Post reported Monday.
“This incident highlights the importance that when investors want to invest in virtual assets, then they must invest on platforms that are licensed” and regulated by the Hong Kong Securities and Futures Commission (SFC), Lee said according to remarks published on his website. “We will be doing
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