Sadly this is true.. If someone is interested in buying the site feel free to contact us ([email protected])
Any details on what new regulations are motivating the closure, pretty please?
Financial supervision requires special licences for businesses which holds customer funds
Have you guys checked out gov.hk on MSO?
From the FAQ :
What is the definition of a Money Service Operator (“MSO”)?
A person who or an institution which operates a money changing service or a remittance service is a Money Service Operator.
Do this apply for a ecommerce site like Bitmit ?
Have you read the thread? They say the problems arise from them keeping their users funds for escrow purposes. For me that is equivalent to a "remittance service", send money from point A to point B securely. Off course that operation is not instant, for escrow purposes, but it doesn't mean to be a whole new concept overall.
Yes, I read the whole thread. You say that "escrow service" and "remittance service" are equivalent.
Any backup for that, or just saying ? I can also say that a car seller is a "remittance service".
