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.
Crypto industry concern mounts ahead of the likely introduction of a bill to ban retail traders from cryptocurrency activities in Hong Kong.
Exchanges warn that Hong Kong's crypto retail trader ban could backfire
"The possibilities of the NFT domain are endless," said Jehan Chu.
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“I have resigned from the CEO and Chairman of Bitmain as of today,” said Jihan Wu.
Bitmain CEO announces departure in the most crypto way
The past two years were much harder on the dollar, however.
While China's CBDC sets the pace, the yuan stumbles in usage abroad
A gang of four robbers has reportedly stolen about $450,000 from a crypto trader in Hong Kong.
Armed robbers steal $450K from Hong Kong crypto trader
The mutual fund giant now owns 6.29% of BC Technology Group following the latest cash injection.
Fidelity doubles down on Hong Kong crypto operator
Crypto proponents in Hong Kong say incoming cryptocurrency regulations could preclude citizens from using Bitcoin ATMs.
Hong Kong crypto group warns new law will restrict people’s access to Bitcoin