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Fortune

Marco Quiroz-Gutierrez

Hong Kong may be warming to crypto, but rules are rules: A crypto influencer and 5 others were just accused of ‘conspiracy’

Crypto United States Hong Kong John Lee Kachiu SFC

Hong Kong Chief Executive John Lee Ka-chiu (Credit: Li Zhihua—China News Service/VCG via Getty Images)

As Hong Kong opens its arms to crypto, it's also shutting down those it says aren't obeying new regulations for the sector.

Hong Kong police on Monday arrested crypto influencer Joseph Lam and five others over an alleged "conspiracy to defraud" investors, according to the Wall Street Journal.

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