Hong Kong News
Hong Kong, officially the Hong Kong Special Administrative Region of the People's Republic of China, is an administrative district of China and one of the leading economic centers not only in Asia, but in the world. The main feature of the district is that it has the right to craft its own legislation. The economy of the territory has a free market, low taxes and governmental non-interference, all of which attracts people to use virtual currencies on the market. The attitude toward cryptocurrency differs between China and Hong Kong, as the first one has banned both the use of digital currencies as a payment and conducting ICO. In Hong Kong, there has not yet been any regulation of Bitcoin and the government doesn’t see any necessity for implementing any. The cryptocurrency market in Hong Kong has various platforms and projects, which makes this area very decent for related businesses.
Only professional investors with a portfolio exceeding $1 million can invest in altcoins through regulated exchanges in Hong Kong.
Hashkey HK opens AVAX trading with $1M portfolio requirement
The JPEX scandal has grown to become one of the largest fraud cases in the country, with over 2,300 victims and losses estimated at over $175 million.
Hong Kong police recover $11M worth of assets in JPEX case: Report
The project now includes central and commercial banks from China, Hong Kong, Thailand and the UAE. Future new members were not identified.
mBridge CBDC project preparing for new members, launch of minimum viable product
While Thai regulators aim to tax crypto earned overseas, Brazilian lawmakers seek to protect it from seizure.
Hong Kong to tighten crypto regulation, Thailand to tax crypto overseas: Law Decoded
In the wake of the ongoing JPEX scandal, the Hong Kong Securities and Futures Commission says it will issue a public list of suspicious crypto trading platforms...
Hong Kong to list ‘suspicious’ crypto platforms in wake of JPEX scandal
Hong Kong police said the leaders of the JPEX crypto exchange are still at large and are now enlisting the help of Interpol to track them down.
JPEX scandal masterminds still at large as 11 suspects taken into custody: Report
Bitmain rolled out its efficiency-focused Antminer S21 at the WDMS, and Bitcoin miners shared their plans for boosting productivity via green energy.
Bitcoin miners double down on efficiency and renewable energy at the World Digital Mining Summit