Protest Fund Stops Receiving Donations

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2021-09-06 HKT 16:31

Share this story

facebook

  • The 612 Humanitarian Relief Fund says it will try and help those affected by its decision to stop receiving donations.

    The 612 Humanitarian Relief Fund says it will try and help those affected by its decision to stop receiving donations.

A fund that raises money to help people arrested during the 2019 social unrest on Monday said it's immediately halting the collection of donations.

The 612 Humanitarian Relief Fund said it made the decision because the Alliance for True Democracy, the group whose bank account it uses, said it would no longer execute its payment requests.

The latest development came after the national security police announced they were investigating the two organisations and ordered them to hand over information, including details of donors and recipients.

"We are deeply conscious of the impact of this turn of events on current applications, and will do our best to look for all possible solutions and relief," the fund said in a statement on Facebook.

Legal advice is being sought on whether donations made recently can be refunded, it added.

The fund said as of Monday, it had about HK$7.2 million in the bank account.

RECENT NEWS

SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion

SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more

4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA

The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more

Ripple Launches RLUSD Stablecoin In Japan Through SBI Group

Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more

SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan

SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more

Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences

Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more

European And South Korean Banks Form Project Pangea For FX Settlement

Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more