First Bitcoin Shop in Hong Kong Opening This Week
A 400-square-foot shop is opening this week in Western Hong Kong in the Sai Ying Pun area, becoming the city's first bitcoin purchasing point. Asia Nexgen Bitcoin Exchange is responsible for the store, and they're hoping it'll become the place to acquire the digital currency in the vicinity. It's all about ease of access: "The biggest issue people have right now is buying the bitcoin. People have to put money in, trade it through an exchange online," said Asia Nextgen's Lo Ken-bon, who heads the company. "Now, you walk into the store, hand over your cash and send the bitcoin to your....
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This is a real Hong Kong Bitcoin ATM. Hong Kong, being the closest financial hub close to China, has attracted Bitcoiners from far and wide. On 5/18/14, Hong Kong's Bitcoiners assembled at Shop 322 at the President Commercial Centre in Mongkok, HK to celebrate the grand opening of the HK Bitcoin ATM Store. The HK Bitcoin ATM Store is now open 24/7/365 in busy Hong Kong for any Bitcoiners to stop by. Robert Lam, the man behind the HK Bitcoin ATM, has been hard at work for over a month to make his grand opening perfect. He hopes that his HK Bitcoin ATM Store becomes more than just a location....
Cryptocurrency regulation in Hong Kong is undergoing changes. The Securities and Futures Commission (SFC) is reportedly introducing a new licensing system to regulate all crypto exchanges operating in Hong Kong. Hong Kong’s New Crypto Regulation The CEO of the SFC, Ashley Alder, talked about implementing a new cryptocurrency regulatory framework at Hong Kong Fintech Week on Tuesday. All cryptocurrency trading platforms operating in Hong Kong or targeting local investors will be required to apply for a license with the SFC, Radio Television Hong Kong (RTHK) reported. “Later....
Hong Kong is about to get a rather unusual shop: an offline bitcoin store, launched by the Asia Nexgen Bitcoin Exchange (ANXBTC). A 400-square-foot premises seems an unusual setting for the world of digital currency, but ANXBTC believes the move makes a lot of sense. The exchange's CEO Lo Ken-bon told the South China Morning Post that the biggest problem faced by bitcoin lovers in Hong Kong is that they simply can't get a hold of them: "So far, people have to put money in and trade it through an online exchange. Now, you can walk into the store, hand over your cash, and send the bitcoins....
Hong Kong is one of the most important financial centres of the world, but with limited space and high demand, property in Hong Kong has always been in short supply. Simplifying home ownership in Hong Kong is therefore a prime concern for the Hong Kong government, which has undertaken a number of measures in the last few years to make home ownership both affordable and easy. The Nikkei Asian Review reported that as recently as early November, the Hong Kong government raised stamp duty to cool down the boiling Hong Kong housing market. This measure of the government was mainly aimed at....
The Scaling Bitcoin workshops are gearing up for their second phase. After the initial conference in Montreal in September, Bitcoin's engineering and academic community will gather in Hong Kong later this week to discuss how best to scale up the network to allow for more than a handful of transactions per second. To get a feel for what to expect from the workshop, Bitcoin Magazine spoke with Pindar Wong, co-founder of Hong Kong's first licensed ISP and the Scaling Bitcoin Hong Kong planning committee chair, and MIT Digital Currency Initiative's Neha Narula, Scaling Bitcoin Hong Kong....