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On Thursday, Hong Kong police arrested five people for conspiracy to defraud after more than 50 clients of a local Bitcoin trading company complained they had been swindled out of $75 million HKD, reported the South China Morning Post. The five suspects – two men and three women...

On Wednesday, Hong Kong lawmakers called on authorities to ban Bitcoin as more than 25 people went to police to file complaints over a scheme involving Bitcoin that reportedly could have duped investors of up to $387 million, reported Reuters. The government should clamp down on...