Report: Paypal HK Halts Hong Kong Pro-Democracy Group’s Payments Over ‘Excess...
According to a report from a pro-democracy group in Hong Kong, Paypal HK has reportedly stopped processing payments for the League of Social Democrats (LSD). The pro-democracy group said that they were “stunned” to hear the news, and they now have “one less way [to collect donations].” Paypal Reportedly Stops Servicing Hong Kong’s League of Social Democrats Just recently, the news publication Daily Wire discovered a Paypal terms of service (ToS) agreement draft that was not yet implemented. The ToS said that Paypal could fine users $2,500 if they spread....
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The FinTech market, particularly with blockchain technologies, is expected to flourish in Hong Kong in 2017 due to increased cooperation between Fintech and financial services firms, a KPMG report has claimed. In its “Hong Kong Banking Outlook 2017” [PDF] report, the services giant cites soaring investment in the Fintech sector leading to the “rapid” development of the Fintech industry in Hong Kong. Blockchain technology is proving to be of particular interest among Hong Kong banks, the report added, with its popularity in the payments and lending space. The innovation, which is bitcoin’s....
Following a national security probe, pro-democracy Hong Kong newspaper Apple Daily printed its final edition and shut down its website. Hong Kong cyber-activists are not giving up on the freedom of speech and are backing up articles from the pro-democracy tabloid newspaper Apple Daily using blockchain technology.Following a national security probe, Apple Daily printed its last edition on Thursday. But Hong Kong activists took it from there and uploaded the publication’s articles on a distributed network, Reuters reported.21-year-old Ho, an anonymous activist working in tech, started....
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....
Starbucks branches in Hong Kong are now accepting bitcoin payments and are offering 20% off discount for the purchase using the Fold app. This app is a U. S. startup that is affiliated with the Bitcoin Association of Hong Kong. To avail of this, a customer has to visit https://coffee.foldapp.com/ and receive his personal Starbucks code. This will initially show a balance of $0 until it is loaded with bitcoin through the app. It may indicate that the app is untested outside of the U. S. but it is already currently working in Hong Kong. Bitcoin Payments for Coffee. Bitcoin payments loading....
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....