In Hong Kong concerns are rising over a possible ban on retail crypto trading that could soon take effect. Bitcoin News Hong Kong Love Scam Steals Cryptocurrency.
The Hong Kong Monetary Authority Hkma Has Revealed It Is Conducting Research Into Applications For A Central Bank Central Bank Financial Institutions Fintech
Apparently it will soon be mandatory for crypto exchanges in Hong Kong to apply for a license from the supervisory authority SFC.
Bitcoin news hong kong. The Securities and Futures Commission SFC is reportedly introducing a new licensing system to regulate all crypto exchanges. This entry was posted in Bitcoin News Bitmain Technologies Ltd Canaan Inc chipmaker Cryptocurrency Ebang International Holdings Hong Kong IPO mining News US share sale on June 22 2019 by adminbtc. This is the first of two cryptocurrency related robberies in Hong Kong since the start of the year.
Crime Hong Kong Bitcoin Disclosure The leader in blockchain news CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. The Very Smart Financial Group VSFG and its Arrano Capital blockchain arm have reportedly won regulatory approval to launch Hong Kongs first Bitcoin exchange-traded fund. Cryptocurrency regulation in Hong Kong is undergoing changes.
The front page of Apple Daily a major newspaper in Hong Kong featured a Bitcoin will never ditch you ad this week. The Bitcoin Association of Hong Kong has placed ads across trams and near banks asking for people to be their own bank advancing the argument that people in Hong Kong should consider. Bitcoin News Hong Kong Love Scam Steals Cryptocurrency Nick Marinoff November 2 2020 500 pm.
Hong Kong CEO Carrie Lam says she is currently unbanked and keeps piles of cash stashed at her home courtesy of US sanctions. In the past sometimes traders themselves have been kidnapped. Hong Kongs Bitcoin trading ban could see users turn to unregulated platforms.
Unregulated Markets Will Only Get Larger Earlier this week the South China Morning Post SCMP reported. The number of bitcoin ads appearing in major newspapers is growing. Bitcoin News Hong Kong Seeks to Regulate All Future Crypto Activity Nick Marinoff November 10 2020 500 pm.
Alongside 14 Chinese and Hong Kong officials Lam has been slapped. Indeed Bitcoin has rallied from 10000 to 12000 during the past week as protests have intensified although to be clear the Hong Kong protests are only one factor in this weeks Bitcoin rally. Crypto regulation has become much more prominent globally with several jurisdictions and regions showing what digital assets futures might look like.
Bitcoin Trader Robbed During an In-Person Transaction Kicked Out of Car in Hong Kong An unnamed 37-year-old man was a victim of a theft from a gang of robbers who fled with 15 bitcoin BTC. Hong Kong now has its first regulated cryptocurrency trading platform. According to a report by Reuters news agency there is a change of course in Hong Kong.
Hong Kong says that it is looking to regulate all crypto activity from here on. There is a new form of crypto fraud making its way throughout Hong Kong one that has led to tens of millions of dollars being stolen. Hong Kongs worst nightmares have become a reality with the passage of the new Hong Kong security law which gives China full authority over the territorys judicial system effectively ending its sovereignty.
Per a report from JRJ access to the offering will be restricted to professional investors. Over 35 million yuan 500000 was stolen in Hong Kong today during a cryptocurrency OTC trade according to local news site Apple Daily. There is a new form of crypto fraud making its way throughout Hong Kong one that has led to.
The Hong Kong Police Forces cybersecurity and technology crime bureau has arrested three people after two cryptocurrency exchanges filed reports that funds had been withdrawn from six bitcoin. Traditional Chinese junkboat sailing across Victoria harbour Hong Kong. The digital yuan is set to leave the Chinese mainland for the first time as part of pilot trade deals after the Hong Kong central bank the Hong Kong Monetary Authority HKMA agreed to work further with the Beijing-run.
Hong Kongs crypto users could shift to unregulated and riskier venues to trade their digital assets should the government move forward with tighter controls on the rising sector a group of crypto exchange owners said over the weekend. The Securities and Futures Commission has just given out the first-ever crypto license to OSL Digital Securities which will. The pressure from China could well be behind the new regulation.
Therefore it will be important to monitor the news in Hong Kong since these protests may be impacting the Bitcoin market. This is terrible news for the Special Administrative Region but it is notable that this could cause a surge in Bitcoin demand.
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