Crypto world: All in the game
Editor”s note: With digital assets gaining traction in Hong Kong, the third and final part of the Real-World Crypto series explores how attitudes towards this asset class are shifting among mainstream wealth managers and their high-net-worth clients, and how these institutions are forging closer ties with crypto-native players.
Hong Kong’s biggest financial scandal to surface to date, involving purported crypto exchange and investment platform JPEX, goes to court on Dec 15 with eight defendants from a wide criminal network in the dock. The charges include conspiracy to defraud and money laundering, leaving over 2,700 investors about HK$1.6 billion ($210 million) out of pocket.
JPEX had allegedly…
