Cryptocurrency regulation hong kong
WebJan 25, 2024 · Hong Kong’s is a different story. Limited regulation on crypto meant the city was once home to some of the biggest names in the business, including Bitmex and, at … WebFeb 21, 2024 · Tue 21 Feb 2024 // 04:06 UTC. Hong Kong’s Securities and Futures Commission (SFC) has called for feedback on a plan to require virtual asset trading platform operators to acquire the same sort of licenses the territory requires securities traders to obtain. The proposed regulations mean crypto-slingers will need to achieve governance …
Cryptocurrency regulation hong kong
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WebMay 21, 2024 · HONG KONG, May 21 (Reuters) - Cryptocurrency exchanges operating in Hong Kong will have to be licenced by the city's markets regulator and will only be allowed to provide services to... WebIn Hong Kong, there is currently no specific legislation directed at regulating cryptocurrency. Bitcoin and similar currencies are designated as virtual commodities and not legal tender or securities. [1] Hong Kong …
Webin Hong Kong in respect of crypto-assets and stablecoins regulations. Section 5 sets out the key risks posed by stablecoins, objectives and guiding principles of a contemplated … Web1 day ago · While scandals and high-profile bankruptcies have prompted some governments to distance themselves from the cryptocurrency industry, Hong Kong is pulling out all …
WebFeb 20, 2024 · Hong Kong's Securities and Futures Commission ( SFC) announced the launch of public consultation on Monday regarding regulating trading platforms for cryptocurrencies and digital assets. Interested parties can submit their comments until 31 March 2024. Hong Kong Opens Crypto Regulation Consultation Period WebApr 10, 2024 · The Hong Kong government first suggested proposing legislation to control cryptocurrency in October of last year. Hong Kong on crypto regulation. The local …
WebMay 21, 2024 · In a notice published on Friday, Hong Kong's Financial Services and the Treasury Bureau (FSTB) stated that the consultation concluded that all cryptocurrency …
WebApr 2, 2024 · Some two and a half years later, in May, 2024, the Hong Kong Government concluded a consultation on a proposal to introduce a new licensing regime for crypto exchanges, the purpose of which is extend anti-money laundering and counter-terrorist financing controls to this emerging area. The newly introduced 2024 Crypto Regulation … saris tray bike rackWebHong Kong Monetary Authority (HKMA) has said that it does not regulate cryptocurrencies such as Bitcoin which it regards as a virtual “commodity” and not as legal tender, or a means of payment or money.1 Hong Kong’s banking laws and regulations therefore do not apply to entities accepting or dealing in cryptocurrencies. shot of whiskey burning going down songWebOver the course of the last three years, Hong Kong’s regulators have been expanding their jurisdiction and remit over activities in relation to cryptocurrencies with a view to not only offering better investor … shot of whiskey in the morning