Tag Archives: hong kong

The continuous protests in Hong Kong have taken another turn as of late, as the police have frozen $9 million from a foundation working with the protesters. The money was allegedly being used for money laundering, but the opposition is declining the accusations, and legal authorities are questioning if there is political involvement.Hong Kong Police Freezes $9 MA local report shows that Hong Kong authorities have frozen HK$70 million ($9 M) raised by the Spark Alliance. The money was...

After months of protests in Hong Kong, politicians have reportedly decided to shut down a bank account related to the anti-extradition law movement. Additionally, a bank in Iran was recently set on fire, and people in Lebanon still have trouble accessing their savings. With raging protests around the globe, it’s interesting to see if Bitcoin’s price will be somewhat affected.HSBC Bans a Bank Account Supporting ProtestsEarlier this year, China proposed a new bill that would allow Hong Kong...

Hong Kong will regulate cryptocurrency exchanges. The Securities and Futures Commission developed a set of guidelines for exchanges to operate. Custody and cybersecurity are the top concerns among regulators. Hong Kong’s Securities and Futures Commission (SFC) published a regulatory framework that enables cryptocurrency exchanges to be regulated. With the new set of rules, the nation is making a significant step towards the adoption of blockchain technology. Licensing Cryptocurrency...

Hong Kong’s financial regulators will introduce a new framework for cryptocurrency exchanges, after the unsuccessful first attempt from last year. An official from the Securities and Futures Commission (SFC) in the city informed that the new version should be published today.Hong Kong To Regulate Crypto ExchangesDuring a FinTech conference taking place in Hong Kong, the head of the SFC, Ashely Alder, announced that they will issue a new regulatory format. Purportedly, by including...

Amid the escalating chaos of the anti-government protests in Hong Kong, bitcoin’s trading volume has hit an all-time high on peer to peer exchange, LocalBitcoins. Residents of Hong Kong are still staggering from what was an exceptionally violent week of protests. The outrage over the now- withdrawn extradition bill has boiled over into issues such as income disparity, and democratic prerogative. Yesterday, the protests reached a fever pitch, as police switched rubber bottles in exchange for...