Is there any bitcoin transaction in Hong Kong?

1. Did the Hong Kong bitcoin trading platform open in 2015?

I don’t understand what you mean. The main culprit of the Hong Kong bitcoin trading platform MYCOIN’s runaway incident has been arrested by the Hong Kong police. Awaiting legal judgment. But before this exchange, many people suspected that it was a scam, but under the expulsion of interests, people lost their basic rationality and were eventually deceived. There are still many reliable exchanges in Hong Kong, such as 796 Exchange and Bitfinex. 796 is mainly for mainland users, while Bitfinex is mainly for US dollar users.

2. Can the Hong Kong bitcoin trading platform be used in the mainland?


3. Is bitcoin banned in Hong Kong?

Currently, the banking system in Hong Kong has blocked the registration of bitcoin accounts

4. Is bitcoin trading allowed in Hong Kong?

Bitcoin transactions are not allowed in Hong Kong. Hong Kong regulators have moved to ban retail transactions in Hong Kong after months of intense speculation about a possible ban.
1. According to a Reuters report on Friday, Hong Kong’s financial services and finance ministries have released the results of consultations on a possible retail crypto trading ban, which began in November 2020.
2. As part of its conclusion, Hong Kong’s FSTB called for a comprehensive licensing regime for cryptocurrency exchanges while limiting trading to accredited investors. Under Hong Kong law, only individuals with an investment portfolio of HK$8 million (approximately US$1 million) are eligible to become professional investors.
3. For FSTB, a retail crypto trading ban is necessary, at least in the early stages of a comprehensive crypto licensing regime. The FSTB reportedly plans to submit its conclusions to Hong Kong lawmakers to facilitate the passage of the proposal into law.
Extended Information:
Virtual currency refers to non-real currency. Well-known virtual currencies such as Internet coins of Internet companies and Q coins of Tencent companies. Popular digital currencies in 2013 include Bitcoin, Litecoin, Unlimited Coin, Quark Coin, Zeta Coin, BBQ Coin, Penny Coin (external network), Invisible Gold Bar, Red Coin, Prime Coin. There are hundreds of digital currencies issued around the world. The legend of “bit gold, Wright silver, infinite copper, penny aluminum” is popular in the circle.
1. According to the notices and announcements issued by the People’s Bank of China and other departments, virtual currency is not issued by the monetary authority, and does not have currency attributes such as legal compensation and mandatory. It is not currency in the true sense, and does not have the equivalent of currency Legal status, cannot and should not be used as currency in the market, and citizens’ investment and trading of virtual currency are not protected by law.
2. On the evening of May 18, 2021, the China Internet Finance Association, the China Banking Association, and the China Payment and Clearing Association jointly issued the “Announcement on Preventing the Risk of Hype in Virtual Currency Transactions”. The announcement clearly stated that relevant institutions shall not conduct business related to virtual currency, and at the same time remind consumers to improve their awareness of risk prevention and beware of loss of property and rights and interests.
3. There are various types of virtual currencies. The virtual currencies with high acceptance abroad include Facebook’s F coin, the online game Second Life’s Linden coin, etc. The representative virtual currencies in China are Tencent Q coin, Sina U Coin, Internet Coin, Shanda Yuanbao, etc.
4. There are four main types of virtual currency in the market: 1. Game currency developed by game operators for players to use as a trading medium in online games; 2. Issued by portal websites or instant messaging tools for Dedicated virtual currency used in the cyberspace of this operation; 3. Interactive virtual currency that can be used both within the virtual currency issuer and to purchase goods and services from non-issuers; 4. Based on cryptography and modern network P2P technology, A special electronic and digital network cryptocurrency generated by complex mathematical algorithms.

5. Is the Hong Kong Bitcoin Gold Exchange official?

It is an exchange that supports gold and Bitcoin transactions. , but that shouldn’t mean it’s safe and secure. Everyone remembers the runaway incident of MYCOIN, a bitcoin exchange registered in Hong Kong some time ago. However, the person in charge of the exchange has been arrested by the Hong Kong police.

Company registration can only show that the company is relatively safe, but it does not guarantee that it will not run away, especially Bitcoin companies. There are many companies registered in Hong Kong and running away. In fact, many of them are mainlanders and make mainland money.

6. Is MTS Singapore Hong Kong Bitcoin Arbitrage Really Reliable?

Bitcoin Arbitrage exists, and it has existed since the day Bitcoin became tradable situation. Moreover, Bitcoin arbitrage is very popular in China. It was very popular for a while and made many people rich, but it has been unrealistic recently, and the price has stabilized. And the project is even more unreliable.
It is not only Bitcoin that has arbitrage, but also altcoins such as Litecoin, Ruitecoin, Doge, etc.�� Arbitrage.

7. How many bitcoin companies are there in Hong Kong?

There are quite a lot of bitcoin companies in Hong Kong, and many large domestic bitcoin companies have branches in Hong Kong. The legal system in Hong Kong is relatively open. For example, Hong Kong’s well-known bitcoin exchange 796, China currency exchange. The branches of Bitcoin e-commerce platforms Bixu, Huobi and OKCOIN are all located in Hong Kong. Hong Kong is a haven for bitcoin businesses.

In China, Bitcoin is defined by the central bank as an Internet commodity, not a currency. Third-party payment institutions are prohibited from providing services for Bitcoin payment clearing, as are domestic banks. Taobao prohibits buying and selling bitcoin-related products. Bitcoin is in a period of policy tightening at home.

At present, Bitcoin has been going down all the way and has entered a long-term downturn. Mining is no longer a profiteering industry. Mining can only consume energy and electricity prices. 28nm Avalon and Ant chips have certain advantages in energy consumption.

8. Is the MyCoin bitcoin trading platform a Hong Kong company? Is it convenient to mention?

Don’t worry. After all, they are also an overseas group company, and they have a license in Hong Kong, how can they run away for your order! As for the withdrawal speed, I haven’t tried it, but I recharge on their platform is quite fast, so it shouldn’t affect the mainland side! It’s just that the exchange of Hong Kong dollars is not very good.

9. Is the hongkongbtc exchange listed?

Hongkongdtc. The exchange has not been listed recently and can be listed.

10. What are the foreign bitcoin trading platforms?

With the development and application of the Internet, online virtual currency has also become a new form of currency . The network virtual currency is based on the public information network, uses the technology of computer and communication as the means, exists in the digital form in the network or electronic equipment, and can realize the functions of circulation and payment.

According to Domain Kingdom analysts, “Bitcoin” is a household name as one of the online virtual currencies.

Different countries and regions around the world have different attitudes towards online virtual currencies such as Bitcoin. According to statistics, only 4% of countries in the world believe that bitcoin is illegal, and 3%, including my country, have restrictions on bitcoin.

Another 40% have a positive attitude towards Bitcoin, and the remaining countries are in a wait-and-see attitude and have not expressed their position. Most of the countries that accept Bitcoin are developed countries, while the countries that consider Bitcoin illegal are relatively less developed.

my country does not recognize the legal status of virtual currencies such as bitcoin, because relevant institutions in my country believe that there are many problems in bitcoin transactions, such as the transaction time is too long. Bitcoin is in the process of being traded.

It is generally considered that a more reliable time is one hour, but within this hour, the phenomenon of “blocking” is prone to occur, that is to say, a large number of transactions cause congestion. However, when trading bitcoins in the realm kingdom, it only takes 30 seconds to complete a transaction, and the settlement will be done as soon as the time is up, without any delay.

In 2017, the People’s Bank of China stated that the transactions of virtual currencies such as Bitcoin need to be regulated. Virtual currency transactions can only be carried out on formal and safe platforms. Domain Kingdom is one of the formal virtual currency trading platforms in China.

Not only is it under the dual supervision of NFA in the United States and FSP in New Zealand, but also the funds are hosted by third-party banking institutions, which are reliable in terms of transaction stability and fund security.

It is undeniable that there are also some fake virtual currency platforms in the investment market. As an investor, you must be patient and choose a platform carefully, so as not to be deceived by the black platform during the investment process. pain of.


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