Questions tagged [hong kong]

IncheonBlues Sat Jun 08 2024 | 5 answers 1430

Could you please elaborate on the legality of cryptocurrency platforms in Hong Kong? I'm particularly interested in knowing which ones are considered "deemed to be licensed" and operate out of Singapore, despite being founded in Hong Kong. Additionally, could you provide more details about the two exchanges currently approved to serve retail customers in the city? Lastly, what role does HashKey play, given that it recently received a licence in 2022 under the previous voluntary scheme?

CryptoTamer Sat Jun 08 2024 | 7 answers 1684

I'm curious, could you please elaborate on whether it's possible to sell cryptocurrency in Hong Kong? I've heard rumors about crypto trading in the region, but I'm not entirely sure about the legality and practicality of selling crypto assets there. Could you clarify if it's allowed, and if so, what platforms or exchanges are commonly used for selling crypto in Hong Kong? I'd also appreciate any insights into potential tax implications or regulatory considerations when selling crypto in the city. Thank you for your assistance in answering my question.

Rosalia Sat Jun 08 2024 | 7 answers 1846

Could you please elaborate on the topic of "What is the largest Hong Kong ETF?" I'm curious to know which ETF in Hong Kong currently holds the title of being the largest in terms of assets under management or market capitalization. Additionally, I'm interested in understanding the factors that contribute to its size, such as its investment strategy, performance history, and the demand from investors. Could you also provide some insights into how this ETF compares to other major ETFs in the region? Finally, I'm wondering if there are any predictions or trends that suggest this ETF might continue to grow or face challenges in the future.

henry_rose_scientist Sat Jun 08 2024 | 5 answers 1000

Is OKX indeed considered legitimate in Hong Kong? Given that OKX HK is mandated to adhere to the stipulations outlined in the Guidelines for Virtual Asset Trading Platform Operators, or the VATP Guidelines, along with the Anti-Money Laundering Ordinance, the Securities and Futures Ordinance, and any other pertinent directives and circulars issued by the Securities and Futures Commission, does this indicate that it is a regulated and therefore trusted platform for virtual asset trading in Hong Kong?

mia_harrison_painter Fri Jun 07 2024 | 7 answers 1517

Could you kindly enlighten me on whether bitcoin can be utilized in Hong Kong? I've heard that the Hong Kong Securities and Futures Commission has awarded initial approval to 11 cryptocurrency exchanges, marking the initial step in granting virtual asset trading platform licences since 2022. This news seems to indicate that cryptocurrency transactions are becoming more legitimate in Hong Kong. However, I'm still a bit uncertain about the practical application of bitcoin in the city. Could you provide some clarity on this matter? Thank you in advance for your assistance.