Hong Kong’s confidence in crypto sours amid JPEX scandal
The attitude of Hong Kong residents towards crypto currency has sharply worsened after the scandal with the JPEX crypto currency exchange. A survey from the Hong Kong University of Science and Technology School examined the impact of the JPEX scandal on public attitudes towards virtual assets. The survey began on Sept. 28, about 11 days after the allegations against JPEX were made public, and compared its results with a similar survey conducted between April and May. The survey results showed that 41% of respondents would prefer not to hold virtual assets, up 12 percentage points from the May survey. At the same time, only 20% of respondents will be ready to store virtual assets over time. This is down five percentage points from the previous survey – another sign that Hong Kong residents’ attitudes towards the crypto currency industry may worsen. You might also like: Hong Kong plans to flag suspicious crypto platforms amid JPEX scandal HKUST experts admitted...