Post
Topic
Board Bitcoin Discussion
Re: What's Next For Hong-Kong Cryptocurrency?
by
ChuckBuck
on 12/02/2015, 04:05:11 UTC
What's Next For Hong-Kong Cryptocurrency after Hong Kong Central Bank Warns People About Investing In Cryptocurrency ?

Bitcoin Regulation or eventual Bitcoin Ban?

Your link isn't up to date, the loss wasn't $387mill but merely $8.1mill.

Here's the most up to date news article about the Mycoin theft:

http://www.coindesk.com/mycoin-hong-kong-police-8-1-million/

Small potatoes when you're dealing with "Ponzi Schemes".  It sucks, and the HK authority should go after those crooks.  That said those investors didn't do their due diligence and left their investment at an unsupervised, shady, and unregulated exchange hoping to get rich.  Not their fault, but I guess they didn't listen or pay attention to what happened to Gox and Stamp.

So although $8mill might seem like alot, compared to Gox which was $450mill, and to Bernie Madoff who "made off", pun intended, with $18 Billion...it's not a whole lot comparatively.