CryptoVisionaryGuard
Sat Jun 08 2024
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6 answers
1281
How is crypto regulated in Hong Kong?｜Definition. Under Hong Kong law, and do not qualify as money. There is currently no digital asset that is backed by the Hong Kong government.cryptocurrencies are not legal tender regulated by the HKMA
Could you please elaborate on how cryptocurrencies are regulated in Hong Kong? Under the current legal framework, are they considered legal tender or do they fall into a different category? Are there any specific guidelines or authorities that oversee the crypto market in Hong Kong? Also, are there any digital assets that are officially backed or sanctioned by the Hong Kong government? Finally, how does the Hong Kong Monetary Authority (HKMA) factor into the regulation of cryptocurrencies in the region?
