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  • October 26, 2014
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  1. News - China - CRIME

    Farmers pass off Korean banknotes as US currency in scam targeting elderly

    Posted Oct 23rd 2014, 07:23pm

    ... Nectar Gan nectar.gan@scmp.com Four farmers in Henan province passed off South Korean banknotes as US dollars in a currency exchange swindle that targeted elderly people, local state media have reported. Three were each sentenced to more than a year in jail and fined 20,000 (HK$25,260) on fraud charges, while the case of the other suspect would be handled separately, news website ...

    http://www.scmp.com/news/china/article/1622997/farmers-pass-korean-banknotes-us-currency-scam-targeting-eldery
  2. News - Hong Kong - ALL AROUND TOWN

    There's currency in having CY jnr as a tutor

    Posted Sep 25th 2014, 05:50am by Peter So

    ... There's currency in having CY jnr as a tutor How much would "top-quality", one-on-one private English tuition for primary-school children cost per hour? Leung Chai-yan, daughter of Chief Executive Leung Chun-ying, has set the price at "$300". A post selling tuition services appeared on her Facebook page yesterday and circulated online before disappearing ...

    http://www.scmp.com/news/hong-kong/article/1599623/theres-currency-having-cy-jnr-tutor
  3. News - World - FRAUD

    Digital currency executive pleads guilty to fraud and money laundering

    Posted Sep 24th 2014, 11:37pm by AFP

    ... Agence France-Presse in New York Liberty Reserve was used to launder US$6 billion in criminal proceeds Digital currency boss faces jail in US The head of technology for Liberty Reserve, an alternative digital currency used in what authorities called a massive global fraud scheme, has pleaded guilty to criminal charges. Maxim Chukharev, 28, of Costa Rica, pleaded guilty on Tuesday ...

    http://www.scmp.com/news/world/article/1599722/digital-currency-executive-pleads-guilty-fraud-and-money-laundering
  4. News - World - CURRENCY

    Ecuador set to be first country to issue its own digital currency

    Posted Aug 29th 2014, 11:14pm by AP

    ... Associated Press in Quito, Ecuador Ecuador to issue its own digital money Ecuador is planning to create the world's first government-issued digital currency, with some analysts saying it may be a first step towards abandoning the country's existing currency, the US dollar- which the government cannot control. The virtual currency, which central bank officials say ...

    http://www.scmp.com/news/world/article/1581896/ecuador-set-be-first-country-issue-its-own-digital-currency
  5. News - World - SCOTLAND

    Currency union 'not in Scotland's interests', says: Alistair Darling

    Posted Aug 11th 2014, 04:49am by Reuters

    ... Reuters in Edinburgh Currency union 'not in Scotland's interests' A formal currency union would not be in the interests of an independent Scotland, the leader ... uncertainty over what currency would be used if Scotland leaves the United Kingdom remains a major campaign issue. Britain's three main political parties have ruled out a formal currency union, ...

    http://www.scmp.com/news/world/article/1570778/currency-union-not-scotlands-interests-says-alistair-darling
  6. News - China - ECONOMY

    US Treasury secretary leaves talks with China pledge to reduce currency intervention

    Posted Jul 11th 2014, 04:36am by Victoria Ruan

    ... Victoria Ruan victoria.ruan@scmp.com Commitment to limit control is significant, but challenges remain in carrying it out, US says Beijing pledges to reduce currency intervention US Treasury Secretary Jack Lew praised the annual dialogue with his Chinese counterparts as "good and productive", after Beijing agreed to reduce intervention in the currency market ...

    http://www.scmp.com/news/china/article/1551487/us-treasury-secretary-leaves-talks-china-pledge-reduce-currency
  7. News - World - THE NETHERLANDS

    Greenpeace employee fired after losing €3.8m in currency bet

    Posted Jun 16th 2014, 09:06pm by AFP

    ... gamble on international currency markets, the group said. "Nothing suggests at this point that he acted for personal gain. It seems to be a terrible miscalculation," Greenpeace communications director Mike Townsley said on Sunday. The unnamed employee "went above his authority" in agreeing to the deal with a broker, who was meant to mitigate currency losses ...

    http://www.scmp.com/news/world/article/1534168/greenpeace-employee-fired-after-losing-eu38-currency-bet
  8. News - World - bitcoin

    Apple opens the door for digital currencies, such as bitcoin

    Posted Jun 03rd 2014, 09:46pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Apple opens the door for digital currencies Hong Kong's biggest virtual currency trading platform hopes to benefit from a rewrite of rules by Apple ... positive step that Apple is recognising virtual currencies are a big part of the online ecosystem and they are going some way to acknowledge that in some degree and hopefully they'll embrace ...

    http://www.scmp.com/news/world/article/1524753/apple-opens-door-digital-currencies-such-bitcoin
  9. News - Hong Kong - VIRTUAL CURRENCY

    Li Ka-shing boosts bitcoin investments amid currency crackdown in China

    Posted May 14th 2014, 06:38pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Asia’s richest man Li Ka-shing has boosted his investment in bitcoin, in a vote of confidence for the beleaguered digital currency, amid a crackdown on its ... currency regime, told the South China Morning Post in December, said investors should follow Li’s move to buy into firms providing the services that bitcoin holders use. Horizons has a long ...

    http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china
  10. News - World - CURRENCIES

    MIT to give US$100 of bitcoin to all students to foster use of virtual currency on campus

    Posted Apr 30th 2014, 11:12pm by GDN

    ... The Guardian US$500m project backed by university graduate aims to foster virtual currency use MIT to give US$100 of bitcoin to all students Undergraduates at the Massachusetts Institute of Technology will be given US$100 worth of bitcoin when they return to study this autumn, in an attempt to jumpstart a bitcoin ecosystem. The project is being led by Jeremy Rubin, 19, an undergraduate ...

    http://www.scmp.com/news/world/article/1501107/mit-give-us100-bitcoin-all-students-foster-use-virtual-currency-campus

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