What does Hong Kong digital currency exchange mean (Is Hong Kong digital currency exchange legal)?
What does Hong Kong digital currency exchange mean? Financial institutions and
What does Hong Kong digital currency exchange mean? Financial institutions and companies in Hong Kong need to embrace blockchain technology, and these technology companies are using various tools, devices, and other means to improve efficiency. There is a company called “Asia Digital Crypto Asset Exchange” based in Singapore that operates a series of trading businesses, including providing virtual token services.
The Hong Kong Monetary Authority stated: “We are working with the People’s Bank of China to establish an international central bank digital currency (CBDC) in order to issue our own CBDC.”
Is Hong Kong digital currency exchange legal?
According to reports from the South China Morning Post, media reports claim that Hong Kong stock digital currency exchanges need to be registered to operate in Hong Kong. However, the fact is that this issue has not yet been resolved.
The investigation results regarding such incidents show that nearly 80% of respondents believe that if it is a cryptocurrency exchange, it should first comply with local laws, regulations, and related provisions. Additionally, over 90% of people stated that they hold virtual assets, but they do not intend to participate in trading or custody.
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