Expectations High For Blocksize Debate Ahead of Hong Kong Summit
Beneath the positive headlines - a record year for startup funding and growing interest from financial incumbents - there's a sense of unease in the bitcoin industry over the now months-long debate on a proposed change to the protocol that governs what is to date the world's most widely used and longest-running public blockchain. The debate will be given renewed life this weekend when some of the industry's most influential, and most historically elusive, stakeholders gather in Hong Kong for two days of technical discussions as part of the second installment of Scaling Bitcoin, a....
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The director of international marketing of China’s largest miner HaoBTC spoke with Bitcoin.com following his tweet stating that the Core developers have “won” the Bitcoin blocksize debate. Chinese Miners ‘Fractured’ on Blocksize Issue. Following a petitionary statement to developers to implement the July 2016 hard fork, agreed at the Hong Kong roundtable....
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 Hong Kong Monetary Authority has revealed that it is establishing a Fintech Innovation Hub and a supervisory sandbox that will permit banks to conduct proof of concept trials and services as the country attempts to boost the development of Fintech in the financial services sector. In a speech at a summit in Hong Kong, Chief Executive of the Hong Kong Monetary Authority (HKMA), Norman Chan, said that the Fintech Innovation Hub ‘allows regulators to provide early inputs to the trial works before the actual implementation.’ He added: While some of the largest banks have built their own....
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....
Updated with additional photos from CoinDesk contributor Rui Ma. Inside Bitcoins Hong Kong took place this week in the Special Administrative Region of China that has so far proved to be one of the more permissive places in Asia for bitcoin entrepreneurs. Following the heavy media controversy generated by the ultimately successful Beijing-based Global Bitcoin Summit in May, Inside Bitcoins Hong Kong featured a number of influential speakers from China's bitcoin community, including Huobi CEO Leon Li, OKCoin CEO Star Xu and keynote speaker and BTC China CEO Bobby Lee. Though smaller in....