SumoHonorable
Fri Jan 17 2025
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7 answers
1030
What is the Hong Kong Exchange Fund (HKMA)?
The Hong Kong Monetary Authority (HKMA) is Hong Kong's central banking institution, responsible for maintaining currency stability, promoting the stability and integrity of the financial system, and managing the Exchange Fund. The Exchange Fund, under the control of the Financial Secretary, is primarily used for affecting the exchange value of the Hong Kong dollar and maintaining the stability of Hong Kong's monetary and financial systems.
Giuseppe
Sun Dec 01 2024
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7 answers
1778
Which bank does no need KYC?
I am looking for a bank that doesn't require KYC procedures. Is there any bank that offers services without the need for Know Your Customer verification?
HanRiverVisionary
Thu Nov 21 2024
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6 answers
1272
Is Cash App a financial institution?
I'm wondering if Cash App should be considered a financial institution. I use it for sending and receiving money, but I'm not sure if it falls under the same category as banks or other traditional financial institutions.
QuasarPulse
Tue Sep 24 2024
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7 answers
976
What is branch code?
Excuse me, could you please elaborate on the concept of "branch code" in the context of cryptocurrency and finance? I'm a bit unclear on how it fits into the overall framework of financial transactions, especially in the digital realm. Is it a unique identifier assigned to specific branches of financial institutions for the purposes of tracking and managing transactions? Or does it serve a different purpose altogether? Clarifying this would greatly assist me in understanding its significance and how it relates to the broader field of cryptocurrency and finance.
Riccardo
Mon Aug 26 2024
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6 answers
1720
Who is a hedge counterparty?
Could you please clarify who exactly a hedge counterparty is in the context of finance and cryptocurrency? Are they a financial institution or an individual investor? How do they typically engage in hedging activities, and what are the risks and benefits associated with being a hedge counterparty? Additionally, could you provide an example scenario where a hedge counterparty would be involved in a cryptocurrency transaction?
