TechFlow News: According to Caixin.com, on January 29–30—within less than 24 hours—robberies targeting large sums of Japanese yen cash occurred consecutively in Tokyo, Japan, and Hong Kong, China—both regions long renowned for their social stability and low crime rates. The amounts involved totaled up to ¥420 million (approximately RMB 19 million) in Tokyo and ¥51 million (approximately RMB 2.29 million) in Hong Kong. Approximately six hours after the Hong Kong incident, police arrested three suspects attempting to leave the country at Hong Kong International Airport on charges of “robbery.” Simultaneously, authorities arrested two staff members—a 28-year-old local man and a 29-year-old mainland Chinese man—at a virtual currency exchange store in Tsim Sha Tsui, Hong Kong, on suspicion of assisting the robbers in laundering part of the stolen funds. Preliminary intelligence analysis suggests that the relevant Japanese company may have transported Japanese yen cash to Hong Kong, exchanged it for Hong Kong dollars, and then purchased duty-free goods in Hong Kong to profit from the tax differential between the two jurisdictions.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
