No Need for Legislation Against Bitcoin Trading in Hong Kong?

No Need for Legislation Against Bitcoin Trading in Hong Kong?

An official from the Hong Kong government confirmed that leaders don't see the need to come up with legislation to ban bitcoin trading in the country. This comes after news on the MyCoin investment scam prompted a thorough investigation and calls for stricter regulation in the cryptocurrency industry. However, Secretary for Financial Services and the Treasury KC Chan recently made a statement clarifying that bitcoin trading does not pose a significant threat to Hong Kong's financial markets for now. He added that the cryptocurrency is limited in scope and that it hasn't been widely....


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