{"id":26217,"date":"2023-12-06T17:58:43","date_gmt":"2023-12-06T17:58:43","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/"},"modified":"2023-12-06T17:58:45","modified_gmt":"2023-12-06T17:58:45","slug":"hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/","title":{"rendered":"Hong Kong regulator blocks access to two crypto entities, warning of fraud"},"content":{"rendered":"<p><\/p>\n<div data-v-8081b7b6=\"\">\n<p>The Securities and Futures Commission (SFC) of Hong Kong has issued a warning related to suspected fraud involving crypto entities Hong Kong Digital Research Institute and BitCuped.<\/p>\n<p>In a Dec. 6 notice, the SFC said the Hong Kong Police Force had blocked access to the websites of BitCuped and Hong Kong Digital Research Institute \u2014 also known as HongKongDAO \u2014 claiming users could be fooled into making illegitimate investments. The regulator also issued cease-and-desist letters to the firms\u2019 website operators.<\/p>\n<p>\u201cThe SFC suspects HongKongDAO may be disseminating false and misleading information about itself and its business through online channels,\u201d said the Dec. 6 notice. \u201cThe SFC notes that BitCuped claims on its website that \u2018Laura Cha\u2019 and \u2018Nicolas Aguzin\u2019 serve as its Chairman and Chief Executive Officer respectively, when in fact none of them has any affiliations with BitCuped.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Hong Kong authorities say 145 victims, $18.9M lost in Hounax scam<\/em><\/strong><\/p>\n<p>According to the SFC, the \u201cmisleading\u201d information related to HongKongDAO could encourage individuals to believe its services were \u201cproperly licensed and legitimate\u201d and invest in the HKD token. The securities regulatory added that Cha and Aguzin were executives with the Stock Exchange of Hong Kong rather than connected to BitCuped.<\/p>\n<p>In October, the SFC announced it planned\u00a0to update its policies on digital currency sales and requirements, citing market developments and industry feedback. Starting in June 2024, exchanges operating within Hong Kong must\u00a0have a virtual asset service provider license with the SFC.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>Another $18.9M Hong Kong exchange scandal, HTX \u2018sorry\u2019 airdrop: Asia Express<\/em><\/strong><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"\/><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Futures Commission (SFC) of Hong Kong has issued a warning related to suspected fraud involving crypto entities Hong Kong Digital Research Institute and BitCuped. In a Dec. 6 notice, the SFC said the Hong Kong Police Force had blocked access to the websites of BitCuped and Hong Kong Digital Research Institute \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-26217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hong Kong regulator blocks access to two crypto entities, warning of fraud | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hong Kong regulator blocks access to two crypto entities, warning of fraud | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"The Securities and Futures Commission (SFC) of Hong Kong has issued a warning related to suspected fraud involving crypto entities Hong Kong Digital Research Institute and BitCuped. In a Dec. 6 notice, the SFC said the Hong Kong Police Force had blocked access to the websites of BitCuped and Hong Kong Digital Research Institute \u2014 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-06T17:58:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-06T17:58:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/12\/2f89683a-2a2c-4119-b373-98140bf98224.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"Hong Kong regulator blocks access to two crypto entities, warning of fraud\",\"datePublished\":\"2023-12-06T17:58:43+00:00\",\"dateModified\":\"2023-12-06T17:58:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/\"},\"wordCount\":262,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/12\/2f89683a-2a2c-4119-b373-98140bf98224.jpg\",\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/\",\"name\":\"Hong Kong regulator blocks access to two crypto entities, warning of fraud | NFT &amp; Crypto News\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/12\/2f89683a-2a2c-4119-b373-98140bf98224.jpg\",\"datePublished\":\"2023-12-06T17:58:43+00:00\",\"dateModified\":\"2023-12-06T17:58:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#primaryimage\",\"url\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/12\/2f89683a-2a2c-4119-b373-98140bf98224.jpg\",\"contentUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/12\/2f89683a-2a2c-4119-b373-98140bf98224.jpg\",\"width\":1200,\"height\":799},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nftandcrypto-news.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hong Kong regulator blocks access to two crypto entities, warning of fraud\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#website\",\"url\":\"https:\/\/nftandcrypto-news.com\/\",\"name\":\"NFT &amp; Crypto News\",\"description\":\"Latest NFT and Crypto News\",\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nftandcrypto-news.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\",\"name\":\"NFT & Crypto News\",\"url\":\"https:\/\/nftandcrypto-news.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/02\/nft-logo-dark-1.png\",\"contentUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/02\/nft-logo-dark-1.png\",\"width\":844,\"height\":205,\"caption\":\"NFT & Crypto News\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\",\"name\":\"Staff\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f1725824bb0aca42c3c5b57f7a3adb20?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f1725824bb0aca42c3c5b57f7a3adb20?s=96&d=mm&r=g\",\"caption\":\"Staff\"},\"sameAs\":[\"https:\/\/nftandcrypto-news.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hong Kong regulator blocks access to two crypto entities, warning of fraud | NFT &amp; Crypto News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/","og_locale":"en_US","og_type":"article","og_title":"Hong Kong regulator blocks access to two crypto entities, warning of fraud | NFT &amp; Crypto News","og_description":"The Securities and Futures Commission (SFC) of Hong Kong has issued a warning related to suspected fraud involving crypto entities Hong Kong Digital Research Institute and BitCuped. In a Dec. 6 notice, the SFC said the Hong Kong Police Force had blocked access to the websites of BitCuped and Hong Kong Digital Research Institute \u2014 [&hellip;]","og_url":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/","og_site_name":"NFT &amp; Crypto News","article_published_time":"2023-12-06T17:58:43+00:00","article_modified_time":"2023-12-06T17:58:45+00:00","og_image":[{"width":1200,"height":799,"url":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/12\/2f89683a-2a2c-4119-b373-98140bf98224.jpg","type":"image\/jpeg"}],"author":"Staff","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Staff","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#article","isPartOf":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/"},"author":{"name":"Staff","@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792"},"headline":"Hong Kong regulator blocks access to two crypto entities, warning of fraud","datePublished":"2023-12-06T17:58:43+00:00","dateModified":"2023-12-06T17:58:45+00:00","mainEntityOfPage":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/"},"wordCount":262,"commentCount":0,"publisher":{"@id":"https:\/\/nftandcrypto-news.com\/#organization"},"image":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/12\/2f89683a-2a2c-4119-b373-98140bf98224.jpg","articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/","url":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/","name":"Hong Kong regulator blocks access to two crypto entities, warning of fraud | NFT &amp; Crypto News","isPartOf":{"@id":"https:\/\/nftandcrypto-news.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#primaryimage"},"image":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/12\/2f89683a-2a2c-4119-b373-98140bf98224.jpg","datePublished":"2023-12-06T17:58:43+00:00","dateModified":"2023-12-06T17:58:45+00:00","breadcrumb":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#primaryimage","url":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/12\/2f89683a-2a2c-4119-b373-98140bf98224.jpg","contentUrl":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/12\/2f89683a-2a2c-4119-b373-98140bf98224.jpg","width":1200,"height":799},{"@type":"BreadcrumbList","@id":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-regulator-blocks-access-to-two-crypto-entities-warning-of-fraud\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nftandcrypto-news.com\/"},{"@type":"ListItem","position":2,"name":"Hong Kong regulator blocks access to two crypto entities, warning of fraud"}]},{"@type":"WebSite","@id":"https:\/\/nftandcrypto-news.com\/#website","url":"https:\/\/nftandcrypto-news.com\/","name":"NFT &amp; Crypto News","description":"Latest NFT and Crypto News","publisher":{"@id":"https:\/\/nftandcrypto-news.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nftandcrypto-news.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/nftandcrypto-news.com\/#organization","name":"NFT & Crypto News","url":"https:\/\/nftandcrypto-news.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/logo\/image\/","url":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/02\/nft-logo-dark-1.png","contentUrl":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/02\/nft-logo-dark-1.png","width":844,"height":205,"caption":"NFT & Crypto News"},"image":{"@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792","name":"Staff","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f1725824bb0aca42c3c5b57f7a3adb20?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f1725824bb0aca42c3c5b57f7a3adb20?s=96&d=mm&r=g","caption":"Staff"},"sameAs":["https:\/\/nftandcrypto-news.com"]}]}},"jetpack_featured_media_url":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/12\/2f89683a-2a2c-4119-b373-98140bf98224.jpg","_links":{"self":[{"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/posts\/26217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/comments?post=26217"}],"version-history":[{"count":1,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/posts\/26217\/revisions"}],"predecessor-version":[{"id":26219,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/posts\/26217\/revisions\/26219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/media\/26218"}],"wp:attachment":[{"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/media?parent=26217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/categories?post=26217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/tags?post=26217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}