Hong Kong Politicians Accept Bitcoin to Fund Court Appeal
In order to continue their fight for democracy, two Hong Kong politicians are accepting bitcoin donations. Leung Chung-Hang and Yau Wai-Ching were disqualified by the High Court over their oath-taking debacle last month, but plan to appeal. The duo are not giving up their quest for democratic rights — at least not without a fight. They are seeking funds....
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The Lunlun Zou Guzheng Studio in Hong Kong put out a press release today noting they are the first Hong Kong business to accept the digital currency, which can be used to purchase Guzheng lessons. The Guzheng is a 2,000-year-old Chinese instrument with 21 strings, and teacher Lulun Zou (who has performed around the world) is hopeful that accepting Bitcoin will make it easier for students to learn how to play Guzheng. "We represent a very old tradition but it does not mean we cannot use the most modern technology. We intend to use whatever legal means is available to us to spread the word....
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....
On November 25, Lunlun Zou Guzheng Studio sent out a press release to announce their acceptance of Bitcoin. Lunlun Zou Guzheng Studio is the first business in Hong Kong to accept Bitcoin and hopefully will serve as a catalyst for many surrounding businesses to begin accepting Bitcoin. Guzheng is a 2,000 year old musical instrument from China with 21 strings and serves as the predecessor to the Japanese koto, Korean kayagum and Vietnamese dan tranh. Lead teacher, Lulun Zou, has performed around the world and through her new decision to accept Bitcoin will certainly have a positive impact on....
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 […]