Another Bitcoin Ransom Case Appears, This Time in Hong Kong
Two Hong Kong based financial institutions recently became the victim of a Bitcoin ransom crime, reports The Standard. According to the available information, both Bank of China and Bank of East Asia were attacked with a Distributed-Denial-of-Service hack that later caused some irregularities in their websites' functionalities. The hackers, which are believed to be operating from foreign locations, threatened these institutions to extend the attack if they don't pay a hefty ransom, in Bitcoin. The matter however was reported to the local police, and it is now being investigated by Hong....
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Two of the largest Hong Kong banks were targeted with distributed denial of service (DDoS) attacks earlier this week by unknown parties demanding bitcoin ransoms. Regional newspaper The Standard reported that the Bank of China (Hong Kong) and the Bank of East Asia were hit by the attacks last weekend. A representative for Bank of China confirmed that the attack took place on 9th May, telling CoinDesk: "With our constant monitoring mechanism and contingency measures in place to ensure the security and operation of the Company's website, our services and customer information have not been....
Hong Kong is one of the most important financial centres of the world, but with limited space and high demand, property in Hong Kong has always been in short supply. Simplifying home ownership in Hong Kong is therefore a prime concern for the Hong Kong government, which has undertaken a number of measures in the last few years to make home ownership both affordable and easy. The Nikkei Asian Review reported that as recently as early November, the Hong Kong government raised stamp duty to cool down the boiling Hong Kong housing market. This measure of the government was mainly aimed at....
Cryptocurrency regulation in Hong Kong is undergoing changes. The Securities and Futures Commission (SFC) is reportedly introducing a new licensing system to regulate all crypto exchanges operating in Hong Kong. Hong Kong’s New Crypto Regulation The CEO of the SFC, Ashley Alder, talked about implementing a new cryptocurrency regulatory framework at Hong Kong Fintech Week on Tuesday. All cryptocurrency trading platforms operating in Hong Kong or targeting local investors will be required to apply for a license with the SFC, Radio Television Hong Kong (RTHK) reported. “Later....
SEBA Bank, a Switzerland-based crypto-focused bank, has secured an in-principal license to offer crypto services in Hong Kong. SEBA’s Hong Kong unit announced this achievement on August 30. The Securities and Futures Commission (SFC) license allows the bank to offer over-the-counter crypto derivatives and other products in Hong Kong. Also, SEBA Hong Kong said it […]
In what seems like a further crackdown on freedoms in Hong Kong, the Securities and Futures Commission (SFC) said Bitcoin exchanges operating in the territory should be subject to licensing. The SFC proposal seeks to enforce the ruling by levying heavy fines and tough prison sentences on non-compliant persons. The Hong Kong government also confirmed […]