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Cryptocurrency: Because Who Needs Their Money Anyway

An illustration of an old-fashioned money box with coins spilling out onto the ground. A modern smartphone lies next to it displaying a cryptocurrency chart plummeting downwards. In the background, two figures are shown: one is depicted as being chased by police while holding a briefcase full of cash; another figure stands still in front of a cityscape at night, looking worried and surrounded by broken chains symbolizing freedom from crime. The money box has a cracked lid with coins escaping through it, representing the loss associated with digital asset crimes.

The Hong Kong Police Advisory Group is finally catching up with what we’ve known for years: cryptocurrency is a scam. Almost $550 million was involved in digital asset crimes last year? That’s cute, but let me remind you that this is probably just the tip of the iceberg since most crypto-related crime goes unreported

Source: bitcoin.com

The Hong Kong Technology Crime Police Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks associated with this tech. According to police data, almost $550 million was involved in digital asset crimes during 2023, with 90% of these cases involving fraud schemes. Digital asset-linked crime has experienced a resurgence in Hong Kong. The Hong Kong […]

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