PANews reported on March 8 that, according to Hong Kong's TVB News, a mainland businessman reported being illegally detained and extorted, losing cryptocurrency and silver worth over HK$6 million. Police stated that the 25-year-old businessman was at a hotel in Hung Hom yesterday to discuss a silver business deal when he was assaulted by four mainland men. They forced him to provide his cryptocurrency password, after which they transferred US$680,000 worth of cryptocurrency from him. The men then went to his company and retrieved 42 kilograms of silver.
The victim was released early this morning and reported the incident to the police. When the police arrived at the hotel, the four mainland men had already left. The victim sustained injuries to his face, arms, and calves. The case has been classified as unlawful imprisonment and extortion, and the Kowloon City Police District Crime Squad has taken over the investigation.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
