Hong Kong lawyer calls MyCoin scandal a "classic Ponzi scheme" but dismisses calls for bitcoin to be banned in the region (CC) The purported Hong Kong-based exchange MyCoin never traded or held bitcoins and reports linking the cryptocurrency to unlawful activity should be ignored, lawyers have said.
MyCoin is currently under investigation by the Hong Kong Commercial Crime Bureau (CCB) and has reportedly cost customers just over $8m in lost investments.
The alleged scam has been […]
