Hong Kong’s Customs and Excise Department is looking to tighten regulatory measures to address the money-laundering risks associated with cash-for-crypto shops, South China Morning Post reported on Oct. 21. The decision comes after police arrested some of these store owners in connection with the alleged $192.7 million fraud perpetrated JPEX crypto exchange. In Hong Kong, […]
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Hong Kong to crack down on crypto money launderers in the aftermath of $193M JPEX scandal