Hong Kong's First Bitcoin ATM Goes Live Today
Hong Kong's first bitcoin ATM opened earlier today at a cafe in one of the city's busiest pedestrian districts. The ATM, a Lamassu one-way bitcoin dispensing machine, will be sited at Mr Bing - a cafe franchise that specialises in Beijing crepes or jianbing. The launch took place at 7:30am, within the franchise premises at 83 Wellington Street, just off Hong Kong's Central-Mid Levels escalator. With such a public location, it will likely serve as an indicator of the Hong Kong general public's interest in bitcoin. Competition. Just hours after the Mr Bing machine went live, local Hong Kong....
Related News
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....
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....
Crypto Exchange Binance has announced that users from Hong Kong can no longer create new futures accounts. Crypto Exchange Binance Haults New Hong Kong Futures Accounts Binance announced today in a blog post on its website that the crypto exchange is winding down derivative trading in Hong Kong. The announcement explains: As the market leader, […]
SEBA Bank, a Switzerland-based crypto-focused bank, has secured an in-principal license to offer crypto services in Hong Kong. SEBA’s Hong Kong unit announced this achievement on August 30. The Securities and Futures Commission (SFC) license allows the bank to offer over-the-counter crypto derivatives and other products in Hong Kong. Also, SEBA Hong Kong said it […]
In a significant move towards enhancing digital currency use, Hong Kong residents can now set up personal digital yuan or e-CNY wallets, as announced by the Hong Kong Monetary Authority (HKMA). This development, part of a collaboration with the People’s Bank of China (PBoC), marks a milestone in “facilitating” cross-border transactions between Hong Kong and […]