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Hong Kong Police Warn of Spike in Counterfeit Banknotes Used in Cryptocurrency Scams

Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$2.55 million (US$...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Hong Kong Police Warn of Spike in Counterfeit Banknotes Used in Cryptocurrency Scams
Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$2.55 million (US$326,130), a significant increase from last year’s 553 notes worth HK$166,220. Three major cryptocurrency-related fraud cases led to the confiscation of 1,693 […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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