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Bitcoin is hoping to become a hot property in Hong Kong. The region’s political crisis has swept over its banking sector, which is now seeing protestors withdrawing large bundles of cash out of ATMs. The move is the latest tactic to reduce People’s Bank of China’s influence on the Hong Kong economy. Protestors have warned…
An estimated 1 million Hong Kong residents took to the street on Sunday to protest changes to extradition law by Beijing. The protests were peaceful up until midnight when rising tensions erupted in violent clashes with the police outside the legislative offices, sparking fear towards the future of the region’s crypto sector. While concerns over…
At the start of this month, James Lau, Hong Kong’s Secretary for Financial Services and Treasury, informed the Legislative Council that the purchase of mining equipment falls under the Trade Descriptions Ordinance. This move places restrictions on who can mine cryptocurrencies like bitcoin. But, does it also signal a change in attitude towards crypto by…
Cardano founder Charles Hoskinson shared his less than flattering assessment of JPMorgan’s crypto asset JPM Coin at Hong Kong Blockchain Week 2019. His scathing comments drew an impassioned response from the audience, and most of the panel, who applauded his outspoken message. Charles Hoskinson – Crypto Philanthropist Charles Hoskinson is a successful entrepreneur, mathematician and…
The United States Securities and Exchange Commission works to educate potential crypto investors on the pitfalls of investment scams, calling out certain “red flags” investors can look out for that may indicate the investment opportunity could be a scam. Among the most glaring of the red flags cited, are the promise of guaranteed returns. A…
Two of the most crypto friendly nations on the globe have been revisiting their regulatory frameworks this week. Japan has reclassified its terminology of cryptocurrencies while over in Hong Kong regulators want more oversight on exchanges and crypto companies. FSA to Change Moniker for Crypto Japan’s Financial Services Agency has made moves to label Bitcoin…
Crypto enthusiasts are always deemed a bit nutty by the public. Bitcoin, specifically to them, is an abstract concept that often represents little-to-zero intrinsic value, and altcoins aren’t much better. And unfortunately, the public’s negative conjectures towards the cryptosphere were confirmed on Saturday, as a Hong Kong Bitcoin millionaire dispensed millions of the local currency…
Over the past 72 hours, bomb threats attempting to extort Bitcoin (BTC) from business owners and governmental agencies have taken the world by storm, affecting thousands across Canada, the U.S., and New Zealand. Although the threats have begun to recede from the limelight in the western world, the issue may only be getting started across…
Reports suggest that Hong Kong’s securities watchdog has come up with new plans to regulate cryptocurrency funds and exchanges. While it is known for being crypto-friendly, Hong Kong is still not satisfied with the amount of protection that its crypto users currently enjoy. As a result of this, the Securities and Futures Commission (SFC) announced plans…
Hong Kong’s financial watchdog is looking to tighten investor protection by regulating cryptocurrency trading platforms. The Securities and Futures Commission (SFC), however, is limited by its legal regulatory reach of securities only, according to Carlson Tong Ka-shing, the outgoing chairman. Outgoing SFC Chairman Says Ban on Cryptocurrency Trading “Will Not Work in Today’s Internet World” In…