mia_harrison_painter
Fri Jun 07 2024
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7 answers
1517
Can I use bitcoin in Hong Kong?｜, in the first step towards granting the first virtual asset trading platform (VATP) licences since 2022.The Hong Kong Securities and Futures Commission has granted initial approval to 11 cryptocurrency exchanges to continue operating in the city
Could you kindly enlighten me on whether bitcoin can be utilized in Hong Kong? I've heard that the Hong Kong Securities and Futures Commission has awarded initial approval to 11 cryptocurrency exchanges, marking the initial step in granting virtual asset trading platform licences since 2022. This news seems to indicate that cryptocurrency transactions are becoming more legitimate in Hong Kong. However, I'm still a bit uncertain about the practical application of bitcoin in the city. Could you provide some clarity on this matter? Thank you in advance for your assistance.
Michele
Fri Jun 07 2024
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7 answers
1556
What are the licensed crypto exchanges in Hong Kong?｜About two dozen companies applied for licenses to operate crypto exchanges by a Feb. 29 deadline. There are currently two fully licensed digital-asset exchanges in Hong Kong, .HashKey Exchange and OSL Group
Could you please elaborate on the licensed crypto exchanges operating in Hong Kong? I understand that around two dozen firms submitted applications for licensure by the February 29th deadline. However, I'm interested in knowing more about the two fully licensed digital-asset exchanges currently operating in Hong Kong. Could you provide me with the names of these exchanges, perhaps HashKey Exchange and OSL Group? Additionally, could you also share any information regarding their operations, services, or any distinguishing features that might make them stand out from other crypto exchanges? Thank you for your assistance in this matter.
Andrea
Fri Jun 07 2024
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7 answers
1257
Is crypto tax free in Hong Kong?｜Unlike other countries, , so you don't pay taxes on profits from simply buying and selling cryptocurrencies. However, individuals who trade frequently are still subject to tax payments.Hong Kong has no capital gains tax on cryptocurrency
Could you please clarify the tax situation regarding cryptocurrencies in Hong Kong? I've heard that unlike other countries, profits from simply buying and selling cryptocurrencies are tax-free in Hong Kong. Is this indeed the case? Also, does this mean that only individuals who trade frequently are required to pay taxes on their crypto transactions? Additionally, is there no capital gains tax on cryptocurrencies in Hong Kong? I'd appreciate it if you could provide some clarity on these matters.
Giuseppe
Fri Jun 07 2024
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5 answers
1114
Is crypto banned in Hong Kong?｜, in the first step towards granting the first virtual asset trading platform (VATP) licenses since 2022.The Hong Kong Securities and Futures Commission has granted initial approval to 11 cryptocurrency exchanges to continue operating in the city
Could you please clarify if cryptocurrencies are banned in Hong Kong? I've read that the Hong Kong Securities and Futures Commission has granted initial approval to 11 cryptocurrency exchanges to continue operating in the city, marking the first step towards granting the first virtual asset trading platform (VATP) licences since 2022. This suggests that cryptocurrencies are not banned, but rather regulated. Is this correct?
Rosalia
Fri Jun 07 2024
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6 answers
1317
Is bybit legal in Hong Kong?｜The Securities and Futures Commission (SFC) also warned the public that . "Investors may risk losing their entire investment," the regulator said in an email to CoinDesk. "Seeking recourse against entities that do not have a nexus with Hong Kong is likely to be difficult."Bybit is unlicensed
Is Bybit a legitimate operation in Hong Kong? I've heard some concerning news regarding its legality. The Securities and Futures Commission has issued a warning to the public, stating that investors may stand to lose their entire investments in Bybit. Furthermore, the regulator mentioned in an email to CoinDesk that pursuing legal recourse against entities without a connection to Hong Kong could be quite challenging. Does this mean that Bybit is operating without a license in Hong Kong? Could you please clarify this matter for me?
