Bitcoinnect Launches as Genesis1 Distributor in Hong Kong and Macau
Residents of Macau now have access to a brand-spanking-new bitcoin vending machine by Genesis Coin of California brought into the region by Bitcoinnect, who will serve as the exclusive distributor of Genesis1 bitcoin vending kiosks in the Macau/Hong Kong area. The first installation, which took place on Friday, opened in a jewelry store at the Sands Macau, a world-class, highly-related hotel in the area. The Genesis1 kiosk has a high bank note capacity to deal with high demand. It's capable of accepting 2,200 bank notes and dispensing 6,800 in a go. Transactions using the machine typically....
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Last Friday, on 6/20/14, a jewelry store in the Sands Macao world-class hotel lit up with the virtually iridescent glow of cryptographic splendor. Jase Leung, Bitcoinnect's CEO, together with Matthew Ventura, a Macau entrepreneur, have established a Bitcoin vending kiosk accessible to the myriad of tourists that frequent the international gambling hub of the world. Bitcoinnect is the trademark under the company Harbour Technology Limited (no relation to Harbour Rich Technology Limited) which is the exclusive distributor of California's Genesis1 Bitcoin vending kiosks in the Hong Kong and....
CoinTelegraph had the chance to interview Jase Leung, CEO of Bitcoinnect based out of Hong Kong. Their two-way Bitcoin ATM is the first machine that provides real-time purchases and sales of digital currencies in the region. Their Bitcoin vending machines are currently operating in locations across Hong Kong and Macau. And given China’s stance on digital currencies, we were interested in getting a first-hand perspective on how a Bitcoin company maneuvers in such a regulatory gray area and gauging the demand for physical points of exchange in China. Cointelegraph: Can you tell me about....
Luis Buenaventura is head of product at Satoshi Citadel Industries, the parent company of Rebit.ph, a Philippine bitcoin-based remittance service. The sister cities of Hong Kong and Macau currently house more than 200,000 migrant Filipinos between them. The breakdown is fairly homogenous in terms of occupation: the largest group consists of 160,000 Filipinas working on Foreign Domestic Helper visas on the Hong Kong side, with a little under 17,000 on the Macau side. Together, the two groups transferred over $380m back to their families in the Philippines in 2013, amounting to between 30%....
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....