Hong Kongers Are Wary After JPEX Saga- And They Should Be

At least 2500 victims have been reported thus far, and the Hong Kong Securities and Futures Commission has responded to the scandal by publishing a list of virtual asset trading platforms applying for an operating licence.

The outbreak of such a huge scandal is certainly not great for any country- let alone one that is aspiring to become a blockchain hub of the world.

And it’s not just Hong Kong’s reputation that has suffered since the scandal- according to a survey by the Hong Kong University of Science and Technology’s business school, public attitudes towards crypto have taken a significant hit since the scandal. Around 41 per cent of survey respondents expressed that they would prefer not to hold virtual assets, up 12 percentage points from a study conducted in May.

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Hong Kongers Are Wary After JPEX Saga- And They Should Be

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