Bitcoin hong kong
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Eliza Gkritsi.
We are searching data for your request:
Bitcoin hong kong
Upon completion, a link will appear to access the found materials.
Content:
- Subscribe newsletter
- Hong Kong eyes crypto retail trading ban
- How the Asian IT capital influences global cryptocurrency trends
- Binance Cryptocurrency Exchange to Stop Hong Kong Users From Trading Derivatives
- BMEX Airdrops for All
- Hong Kong - Let’s Talk Bitcoin.
- HKFP Guide: How to buy Bitcoin in Hong Kong
Subscribe newsletter
Binance, one of the world's largest cryptocurrency exchanges, said on Friday it would restrict Hong Kong users from trading derivative products, the latest in a series of changes the exchange has made to improve compliance standards. Users will not be able to open new derivatives products accounts with immediate effect, and Hong Kong users will have to close their existing positions from a date to be announced, the statement said, adding this was "in-line with our commitment to compliance".
Regulators in Hong Kong as well as in Britain, Germany, Japan and Italy have been ratcheted up pressure on Binance in recent month, worried about consumer protection and the standard of anti-money laundering checks at cryptocurrency exchanges generally. Last month, the exchange's CEO, Zhao Changpeng, said he wanted to improve relations with regulators and that Binance would seek to establish regional headquarters, breaking with its decentralised structure.
Binance also said last month it would wind down its futures and derivatives business in Germany, Italy and the Netherlands.
For the latest videos on gadgets and tech, subscribe to our YouTube channel. Binance users from Hong Kong cannot open derivatives products accounts Binance has been under pressure from regional regulators in recent months Binance said last month it would wind down business in select regions.
Users will not be able to open new derivatives products accounts with immediate effect, and Hong Kong users will have to close their existing positions from a date to be announced, the statement said, adding this was "in-line with our commitment to compliance" Regulators in Hong Kong as well as in Britain, Germany, Japan and Italy have been ratcheted up pressure on Binance in recent month, worried about consumer protection and the standard of anti-money laundering checks at cryptocurrency exchanges generally.
Interested in cryptocurrency? Further reading: Cryptocurrency , Binance. Best Deals of the Day ». Tech News in Hindi. More Technology News in Hindi. Latest Videos. More Videos. Popular Gadgets.
Hong Kong eyes crypto retail trading ban
Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Sign in. Accessibility help Skip to navigation Skip to content Skip to footer. Join over , Finance professionals who already subscribe to the FT. Choose your subscription. Trial Try full digital access and see why over 1 million readers subscribe to the FT.
How the Asian IT capital influences global cryptocurrency trends
Some crypto holders in China and Hong Kong are scrambling to find a way to safeguard their bitcoin and other tokens after China's central bank published a new document Friday spelling out tougher measures in its wider crypto crackdown, including souped-up systems to monitor crypto-related transactions. Lesperance said the move is an attempt to freeze crypto assets so that holders can't legally do anything with them. The People's Bank of China said on its website Friday that all cryptocurrency-related transactions in China are illegal, including services provided by offshore exchanges. Services offering trades, order matching, token issuance and derivatives for virtual currencies are all strictly prohibited , according to the PBOC. The directive will take aim at over-the-counter platforms like OKEx, which allows users in China to exchange fiat currencies for crypto tokens. That said, it's common for the authoritarian state to lash out against digital currencies. In , the country ordered third-party payment providers to stop using bitcoin. Chinese authorities put a stop to token sales in and pledged to continue to target crypto exchanges in And earlier this year, China's takedown of its crypto mining industry led to half the global bitcoin network going dark for a few months.
Binance Cryptocurrency Exchange to Stop Hong Kong Users From Trading Derivatives
Opt-in based framework; limited impact expected. Still PI only. Hong Kong is stepping up its efforts to formally regulate cryptocurrency exchanges in the city. The Securities and Futures Commission just released a newly drafted regulatory framework, which allows the securities watchdog to issue licenses to crypto trading platforms. Could this be a game-changer for the crypto industry?
BMEX Airdrops for All
While other crypto exchanges and brokers charge trading fees as high as 2. Plus, there are no added spreads, markups, or custody fees. Powerful, award-winning trading platforms and tools for managing your portfolio. Available on desktop, mobile, and web. Use a full suite of professional trading tools to help make better decisions and manage your portfolio.
Hong Kong - Let’s Talk Bitcoin.
Experts say large-scale Chinese miners of cryptocurrency — the likes of Bitcoin and Ethereum — will take their high-powered, electricity-guzzling servers offshore. Exchanges of the digital money and the numerous Chinese startups linked to the trade also are expected to rebase offshore after dropping domestic customers from their rosters. On Sept. The notice, issued in tandem with nine other government agencies, including the Bureau of Public Security, declared all related business illega l and warned that cryptocurrency transactions originating outside China will also be treated as crimes. Chinese banks began to prohibit the use of digital currencies in and stepped up regulations after It says many of those who suddenly made millions when Bitcoin prices soared four years ago were in China.
HKFP Guide: How to buy Bitcoin in Hong Kong
Welcome to Binance! Trusted by millions of users worldwide. Get started today and buy, sell and store Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Binance Coin, and more, all with some of the lowest fees in crypto.
However, the vast majority of cryptocurrencies such as Bitcoin are not securities. The SFC has however imposed specific regulatory requirements on fund managers and managers of discretionary investment portfolios which invest in cryptocurrencies which are not securities in addition to traditional securities. Similar requirements apply to distributors of cryptofunds even where the funds only invest in cryptocurrencies that are not securities or futures contracts. Operators of exchanges which trade cryptocurrencies are currently only required to be licensed by the SFC where the exchange trades at least one cryptocurrency that is a security. Licensed exchanges are subject to stringent licensing conditions. The Money Service Supervision Bureau of the Customs and Excise Department has also said that Bitcoin and other similar virtual commodities are not money for the purposes of the AMLO, and are thus outside the scope of its regulatory regime for money service operators.
Use the app to stay up to speed on the fast-paced digital market of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Read the latest articles and know the basics about crypto directly from the app. Choose your preferred currency, tap Buy, and PayPal will verify your identity. Explore crypto articles to learn about digital currencies and how they work. Select crypto at checkout on eligible purchases when checking out at millions of online stores worldwide. Complete your W-9 tax form in advance in the app to use your crypto as a payment method. PayPal will convert the crypto amount into USD, or any other currency, at no additional fee.
Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details. By Rupert Walker , 24 May All virtual asset exchanges should be licensed if they want to operate in Hong Kong, the Financial Services and the Treasury Bureau FSTB said after concluding a consultation that started in November last year.
I think it is the serious mistake.
Wonderful, this is a valuable phrase