Bitcoin News Mash-Up: HKMA Issues Warning; Feds Seize Bitcoin; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

Hong Kong Central Bank Warns Public Against Bitcoin

As the recent Bitcoin scam hits the Hong Kong investors, the Hong Kong Monetary Authority (HKMA) has asked public to take extra precautions while indulging in cryptocurrency-related schemes. The authority, until now, was very flexible and liberal towards the digital currency sector. It thoroughly supported the Bitcoin companies in times when Chinese Central Bank disallowed them to conduct businesses with traditional banks. Now, the landscape seems to have changed a bit. You can read the full report here.

Federal Officials Sack Piracy Racket; Seize Bitcoin

If reports are to be believed, Federal Law Enforcement officials recently raided multiple office of a single software piracy company and meanwhile obtained a huge chunk of Bitcoin and Litecoin. According to the official figures, the alleged mastermind Rex Yang held around 105 BTC and 999 LTC. That makes its around $25k worth of Bitcoin alone. You can read the full report here.

BitX Enters Indonesian Bitcoin Market

BitX, a Bitcoin company mainly geared to emerging markets, has just opened a branch in Jakarta, capital of Indonesia, making its services available to a population of approximately 252 million people. Adam Draper, son of celebrated venture capitalist Tim Draper, and the backer of this entire project, believes Asia to be a futuristic arena for digital currency market. You can read the full report here.