#cryptocurrency

Hong Kong police have arrested Joseph Lam, a crypto influencer and former lawyer, in connection with the ongoing investigation into cryptocurrency exchange JPEX. Lam, who has over 190,000 Instagram followers, was arrested today and his office was raided. The arrest follows the Securities and Futures Commission's warning against JPEX for misleading statements about its licensing status. The police have received at least 83 complaints involving JPEX, with virtual assets worth about HK$34 million ($4.3 million) reported.

India's Minister of Finance, Nirmala Sitharaman, has verified ongoing discussions within the G20 about establishing an international framework for cryptocurrencies. She views digital assets as both a challenge and an opportunity. "In an interconnected world, financial technology transcends borders, therefore making cross-border partnerships absolutely crucial,” Sitharaman said. Previously, India's Prime Minister had also emphasized the need to embrace technological advancements and develop comprehensive global regulations.

The French Data Protection Agency (CNIL) has conducted inspections at Worldcoin's Paris office due to concerns about the company's biometric data collection practices. Worldcoin, co-founded by ChatGPT CEO Sam Altman, scans users' irises in exchange for a digital ID and the promise of free cryptocurrency. The Worldcoin Foundation, incorporated in the Cayman Islands, has expressed its willingness to undergo the review and affirms its commitment to complying with regulatory requirements.