Cryptocurrency Q&A
Is cryptocurrency regulated in Hong Kong?
Is cryptocurrency regulated in Hong Kong?
JejuJoyfulHeartSoulMate
Sat Jun 08 2024
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7 answers
1842
I don't understand this question. Could you please assist me in answering it?
7 answers
SsangyongSpiritedStrengthCourage
Mon Jun 10 2024
Cryptocurrencies in Hong Kong operate within a unique legal framework. According to Hong Kong law, these digital assets do not qualify as money, nor are they recognized as legal tender.
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CryptoVisionary
Mon Jun 10 2024
This means that cryptocurrencies are not backed by the Hong Kong government and do not enjoy the same regulatory protections as traditional currencies.
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ShintoBlessed
Sun Jun 09 2024
BTCC's services include spot trading, futures contracts, and wallet storage solutions, catering to the diverse needs of the cryptocurrency community.
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GalaxyGlider
Sun Jun 09 2024
The Hong Kong Monetary Authority (HKMA), the territory's de facto central bank, does not regulate cryptocurrencies as it does with fiat money.
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Elena
Sun Jun 09 2024
The absence of official recognition means that cryptocurrencies are treated more like commodities or assets in Hong Kong, rather than currencies.
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