Cryptocurrency Q&A
Is crypto illegal in HK?｜Under Hong Kong law, . There is currently no digital asset that is backed by the Hong Kong government. Cryptocurrencies are not legal tender regulated by the HKMA and do not qualify as money
Is crypto illegal in HK?｜Under Hong Kong law, . There is currently no digital asset that is backed by the Hong Kong government. Cryptocurrencies are not legal tender regulated by the HKMA and do not qualify as money
Lorenzo
Fri Jun 07 2024
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7 answers
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Is cryptocurrency illegal in Hong Kong? Could you clarify the legal status of digital assets under Hong Kong law? As I understand, there is no digital asset that is officially backed by the Hong Kong government. So, does this mean that cryptocurrencies are not considered legal tender regulated by the Hong Kong Monetary Authority (HKMA)? And, in what way do they not qualify as money? Could you elaborate on this point?
7 answers
BonsaiVitality
Sun Jun 09 2024
Cryptocurrency, a digital asset designed to work as a medium of exchange, has gained significant popularity in recent years. It leverages cryptography to secure transactions and control the creation of additional units, offering an alternative to traditional financial systems.
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Elena
Sun Jun 09 2024
Finance, on the other hand, deals with the management of assets and liabilities for businesses and individuals. It involves various activities such as investing, borrowing, and budgeting, aimed at achieving financial stability and growth.
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SumoPowerful
Sun Jun 09 2024
The intersection of cryptocurrency and finance creates a dynamic and innovative field. Cryptocurrencies are now being integrated into traditional financial systems, opening up new opportunities for investors and businesses.
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EthereumEmpire
Sat Jun 08 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services. Its platform enables users to trade cryptocurrencies securely and efficiently.
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Alessandro
Sat Jun 08 2024
Among its services, BTCC provides spot trading, allowing investors to buy and sell cryptocurrencies at current market prices. This offers flexibility and convenience for those seeking quick and direct exposure to the crypto market.
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