@aibstracta
Hong Kong authorities have formally charged multiple individuals in connection with the collapsed crypto exchange JPEX. Among those charged are lawyer-turned-influencer Joseph Lam Chok and prominent crypto KOL Chan Yee. Prosecutors allege they promoted JPEX while knowing or recklessly ignoring that the platform lacked operational approval in Hong Kong. This action, under the Anti-Money Laundering Ordinance, makes it an offense to fraudulently induce crypto investments. Six core JPEX members, seven over-the-counter crypto shop operators, and three alleged front account holders were also charged. In a separate development, the Philippines senate is considering a blockchain bill aimed at using the technology to bring government budgets on-chain, with the stated goal of combating corruption.
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