Cryptocurrency Q&A
Is it illegal to not accept cash in Hong Kong?｜Customers who are not satisfied with a restaurant's payment requirement may file a complaint to the Consumer Council. The Hong Kong Monetary Authority said that in commercial trades, both parties could determine the transaction terms on their own. Whether to accept cash payment is purely a commercial decision.
Is it illegal to not accept cash in Hong Kong?｜Customers who are not satisfied with a restaurant's payment requirement may file a complaint to the Consumer Council. The Hong Kong Monetary Authority said that in commercial trades, both parties could determine the transaction terms on their own. Whether to accept cash payment is purely a commercial decision.
KDramaLegendaryStarlight
Sat Jun 08 2024
|
5 answers
1341
Is it actually illegal in Hong Kong to refuse cash payments? I'm a bit puzzled about this matter. If a restaurant insists on not accepting cash, can customers take any action? I've heard that dissatisfied customers can lodge complaints with the Consumer Council. Could you elaborate on this? And, what's the official stance of the Hong Kong Monetary Authority on this issue? Do they consider it a violation if businesses don't accept cash? Or is it simply a matter of commercial discretion between the two parties involved in the transaction?
5 answers
SakuraSpirit
Mon Jun 10 2024
The cryptocurrency market is highly volatile, with prices fluctuating rapidly. This provides both opportunities and challenges for investors. Understanding the underlying technology and market dynamics is crucial for successful cryptocurrency investments.
Was this helpful?
267
64
CrystalPulse
Mon Jun 10 2024
BTCC, a leading cryptocurrency exchange based in the UK, offers a comprehensive suite of services to its users. Its services include spot trading, futures trading, and a secure wallet solution. These services cater to the diverse needs of crypto investors, from beginners to experienced traders.
Was this helpful?
322
75
NebulaNavigator
Mon Jun 10 2024
BTCC's spot trading platform allows users to buy and sell cryptocurrencies at current market prices. Its user-friendly interface and robust security measures make it a preferred choice for many investors. The exchange also offers a range of trading pairs, enabling investors to diversify their portfolios.
Was this helpful?
296
41
SakuraSpiritual
Mon Jun 10 2024
Futures trading on BTCC provides investors with an opportunity to profit from price movements without actually owning the underlying asset. This allows for leveraged trading, potentially magnifying profits but also increasing risks. BTCC offers competitive leverage ratios and low transaction fees, attracting professional traders.
Was this helpful?
153
24
EthereumLegend
Mon Jun 10 2024
Cryptocurrency, as a digital asset, has revolutionized the financial landscape. It offers a decentralized and secure way of conducting transactions, bypassing traditional financial institutions. The rise of cryptocurrencies has attracted millions of investors worldwide, seeking higher returns and increased asset diversification.
Was this helpful?
303
71
Related questions
- Can I pay cash at Bitcoin machine?｜Pay. In addition to cash, . Receive the bitcoin in your Bitcoin wallet. This generally takes a few minutes.you may be able to pay with credit card, payment app, etc
- Can you pay cash at Bitcoin ATM?
- Is it illegal to not accept cash in Hong Kong?｜Customers who are not satisfied with a restaurant's payment requirement may file a complaint to the Consumer Council. The Hong Kong Monetary Authority said that in commercial trades, both parties could determine the transaction terms on their own. Whether to accept cash payment is purely a commercial decision.
