Bitcoin Could Be Supervised by Hong Kong Authority Following Bitfinex Hack, Says Expert
Following the recent hack at Hong Kong-based digital currency exchange Bitfinex, the Hong Kong Monetary Authority (HKMA) is considering whether or not to supervise the cryptocurrency, according to an expert. CCN recently reported that around 120,000 bitcoins valued at approximately $65 million were stolen after a breach of security saw the bitcoin exchange shutting down its website. Now, though, it looks like the HKMA could shift its attention to bitcoin and how it’s regulated. Speaking to Out-Law.com, Hong Kong-based technology law expert Paul Haswell of Pinsent Masons, said that the HKMA....
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