$6B scam accused in court, China loophole for Hong Kong Bitcoin ETFs: Asia Express
There’s only one way left for Chinese nationals to access the Hong Kong Bitcoin ETFs, $6B scam accused in court, and more: Asia Express.
Our weekly roundup of news from East Asia curates the industrys most important developments.
Yadi Zhang, a Chinese national alleged to have scammed over 130,000 Mainland China investors out of 43 billion Chinese Yuan ($5.94 billion) and then laundered the proceeds using Bitcoin, has been apprehended by UK authorities.
During her appearance at Westminster Magistrates Court on April 20, Zhang indicated through a translator that she intended to plead not guilty to two charges of criminal possession of cryptocurrency. She was remanded in custody.
Go to Source
Author: Zhiyuan Sun
