Right, Hong Kong used to be the headquarters of crypto, but now Binance has announced that it will be opening an office in Malta and Bitfinex has registered in British Virgin Islands too
https://cointelegraph.com/news/major-crypto-exchange-binance-to-open-office-in-malta-after-japanese-regulator-warning
Topic: China Ban, Hong Kong the new Center (Read 154 times)
After China's ban of ICOs, mining facilities, and crypto currencies, Hong Kong is the new center for the Chinese crypto-world.
NEO (https://neo.org) and KNT (https://kora.network) are big ones who base in Hong Kong now, more will come. HK has been China's financial hub for many years, now it is slowly becoming China's crypto hub
Though hongkong becomes a new china crypto hub,still we need more time to stablied the volume of cryptocoins that has been gone before chine bans all cryptocurrency activities in thier country,bow weve just started to take place those spared time and efford our fellow member does when they are still on action.but i know in couple of years this may take effect and filled the missing puzzle piece for our falling economy here NEO (https://neo.org) and KNT (https://kora.network) are big ones who base in Hong Kong now, more will come. HK has been China's financial hub for many years, now it is slowly becoming China's crypto hub
After all, Hong Kong is also China, does not it have a ban on it. If so, then it's good, but I think for a little while, or they will either be banned there, or they will do everything open as before.
Hong Kong is fully independent from China.
And banning ico's does not mean banning crypto.
I also think Hong Kong is now the center of the blockchain.
Because many exchanges have chosen to move their domicile to Hong Kong.
Because many exchanges have chosen to move their domicile to Hong Kong.
it's nice to know, I believe in the future china will review their stand on crypto currency and be able to regulate it and make safe for the china people.
I think we need to report situation like this more accurately, China as never ban cryptocurrency but they feel "Initial Coin Offering" (ICO) is not transparent enough to guarantee investors safety and so they decided to ban ICO.
According to the latest information, China was hinted at the possibility in the near future to allow the ICO, which should be regulated. If this happens, then, in fact, China will develop its crypto currency as before.So far, one thing is clear: China still does not develop a crypto currency, and which of the countries - Hong Kong or Japan will become a new center of crypto currency, time will tell. It is already good that in these two countries there are no obvious deterrents for the development of the crypto currency.
Hongkong is country that supported cryptocurrency and blockchain technology, this country just like Japan, many famous exchange that come from Hongkong and they become trusted and most popular exchange in the world like Binance and Kucoin. China should follow Hongkong so cryptocurrency will give benefits to their people.
correct me if i am wrong (with trusted references only) but the only thing that China banned were ICOs, they didn't even ban exchanges they asked them to follow the regulation rules they had in mind but the exchanges decided not to do it and close down instead.
and also Chinese government never banned cryptocurrencies neither trading them. and the Chinese volume and also the localbitcoins stats is a good proof of this.
you are right, i know also that china government only forbids ico. crypto is not prohibited there, because traders and their citizens are still free to trade in exchange. and also Chinese government never banned cryptocurrencies neither trading them. and the Chinese volume and also the localbitcoins stats is a good proof of this.
After China's ban of ICOs, mining facilities, and crypto currencies, Hong Kong is the new center for the Chinese crypto-world.
I agree with you. After the ban of ICO in China, the crypto-currency market felt negative trends, but now the number of ICOs continues to grow, because Hong Kong is an excellent center for business development in the East Asia region, where strict rules that are valid in the rest of China do not apply. However, it is not worth taking Hong Kong as an open space for everyone. Recently, a statement was issued with a warning to investors that it is required to perform the necessary verification of projects before they are considered.
I think we need to report situation like this more accurately, China as never ban cryptocurrency but they feel "Initial Coin Offering" (ICO) is not transparent enough to guarantee investors safety and so they decided to ban ICO.
Is that so? Thank you for clarifying that. Ive read a lot of false things about the subject and will not repeat that misinformation.
I think we need to report situation like this more accurately, China as never ban cryptocurrency but they feel "Initial Coin Offering" (ICO) is not transparent enough to guarantee investors safety and so they decided to ban ICO.
After China's ban of ICOs, mining facilities, and crypto currencies, Hong Kong is the new center for the Chinese crypto-world.
NEO (https://neo.org) and KNT (https://kora.network) are big ones who base in Hong Kong now, more will come. HK has been China's financial hub for many years, now it is slowly becoming China's crypto hub
In general, you are right. The center of trade in crypto currency is shifting from China, where the trade in crypto currency is somewhat limited, towards Hong Kong. This can even be traced to the example of the Kucoin exchange, which was originally planned to open in China, but was moved to Hong Kong due to bans. However, it's too early to say that Hong Kong was the new center of the crypto-international world. Japan aspires to such a title without groundlessness. There now about 40 percent of all transactions in bitcoin are performed, and a very favorable situation is created for the development of the crypto currency.NEO (https://neo.org) and KNT (https://kora.network) are big ones who base in Hong Kong now, more will come. HK has been China's financial hub for many years, now it is slowly becoming China's crypto hub
correct me if i am wrong (with trusted references only) but the only thing that China banned were ICOs, they didn't even ban exchanges they asked them to follow the regulation rules they had in mind but the exchanges decided not to do it and close down instead.
and also Chinese government never banned cryptocurrencies neither trading them. and the Chinese volume and also the localbitcoins stats is a good proof of this.
Yes, China is unequivocally prohibited for ico. They believe that ico is a crowdfunding method and cannot guarantee the security of users' assets. and also Chinese government never banned cryptocurrencies neither trading them. and the Chinese volume and also the localbitcoins stats is a good proof of this.
correct me if i am wrong (with trusted references only) but the only thing that China banned were ICOs, they didn't even ban exchanges they asked them to follow the regulation rules they had in mind but the exchanges decided not to do it and close down instead.
and also Chinese government never banned cryptocurrencies neither trading them. and the Chinese volume and also the localbitcoins stats is a good proof of this.
and also Chinese government never banned cryptocurrencies neither trading them. and the Chinese volume and also the localbitcoins stats is a good proof of this.
After all, Hong Kong is also China, does not it have a ban on it. If so, then it's good, but I think for a little while, or they will either be banned there, or they will do everything open as before.
After China's ban of ICOs, mining facilities, and crypto currencies, Hong Kong is the new center for the Chinese crypto-world.
NEO (https://neo.org) and KNT (https://kora.network) are big ones who base in Hong Kong now, more will come. HK has been China's financial hub for many years, now it is slowly becoming China's crypto hub
they reducing the opportunity in their country maybe china soon think that they are wrong that they ban it. and to hongkong what a great time to start bitcoin or cryptocurrency in their country. they can increase the number or the percentage demand of coins in their country. NEO (https://neo.org) and KNT (https://kora.network) are big ones who base in Hong Kong now, more will come. HK has been China's financial hub for many years, now it is slowly becoming China's crypto hub
China decided to ban crypto because anything beyond their control should be eradicated. But I am curious on how china will react about Hong Kong being the center of Crypto. Because China bans it because they don't want to let their people become victim of treacherous people who just want to scam and steal money from users. Since Hong Kong is close to China, I guess it won't take long when China makes it moves to convince Hong Kong to ban Crypto.
China not banned eobot mining farm is good.
After China's ban of ICOs, mining facilities, and crypto currencies, Hong Kong is the new center for the Chinese crypto-world.
NEO (https://neo.org) and KNT (https://kora.network) are big ones who base in Hong Kong now, more will come. HK has been China's financial hub for many years, now it is slowly becoming China's crypto hub
China is a big crypto country, there are many investors and their influence on Crypto is enormous. Information China has banned Crypto has had a substantial negative impact on the market trend, information about Hong Kong will help the market go up in the future, and I hope that Hong Kong will be known as the most significant Crypto Center of the world. NEO (https://neo.org) and KNT (https://kora.network) are big ones who base in Hong Kong now, more will come. HK has been China's financial hub for many years, now it is slowly becoming China's crypto hub
After China's ban of ICOs, mining facilities, and crypto currencies, Hong Kong is the new center for the Chinese crypto-world.
NEO (https://neo.org) and KNT (https://kora.network) are big ones who base in Hong Kong now, more will come. HK has been China's financial hub for many years, now it is slowly becoming China's crypto hub
Thanks your info! I think! Next times, many country can ban crypto! But i still like Bitcoin and altcoin!NEO (https://neo.org) and KNT (https://kora.network) are big ones who base in Hong Kong now, more will come. HK has been China's financial hub for many years, now it is slowly becoming China's crypto hub
Thanks gain!
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