Hong Kong’s watchdog to place restrictions on ICOs
The Hong Kong Securities and Futures Commission (SFC) has announced the start of its latest anti-scam and anti-crypto fraud program. The SFC clarified today in a public notification that the sale of CIS products to the general public in Hong Kong without the SFC’s approval is strictly forbidden. In addition, the commission cautioned investors to […]
Hong Kong’s HMVOD to Accept Bitcoin for Membership Subscriptions in October
In October, HMVOD, a publicly traded online entertainment platform in Hong Kong, would accept Bitcoin as payment for membership memberships. Customers of HMVOD Limited (stock code: 8103.HK) will be able to pay their monthly membership fees in Bitcoin starting in early October, according to a voluntary notification made on the Hong Kong Exchange platform on […]
Binance restricts Hong Kong users from trading derivatives
Largest crypto exchange by trading volume Binance has announced a restriction to crypto derivatives traders in Hong Kong while at the same time giving the users a 90 day period to close open positions. Binance, a major cryptocurrency exchange, has announced that it will restrict Hong Kong users access to derivatives products in an effort […]
Binance is not authorized to operate in Hong Kong – SFC
Hong Kong has joined the list of nations calling for regulatory actions against the activities of Binance. Countries like Japan, UK, Thailand and Singapore amongst others have also issued warnings to the exchange. The world’s largest cryptocurrency exchange Binance is having a tough time with issues of regulation springing forth against it all over the […]
Hong Kong Cracks Down on a Money Laundering Ring Using Tether
Four persons have been arrested in Hong Kong on suspicion of laundering a total of $155 million using cryptocurrency wallets and bank accounts. The city’s customs agency stated that this was the first time it had encountered virtual currency being used to launder dirty money. A Syndicate Responsible for Money Laundering Recycles $155 Million in […]