Author

Topic: Hong Kong lawmakers urge ban on bitcoin (Read 1280 times)

legendary
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
February 11, 2015, 08:45:18 AM
#7
Look like bitcoin is going to die for the 43rd time!

Don't be too afraid for the ban, bitcoin doesn't really care about law makers.
sr. member
Activity: 1330
Merit: 289
February 11, 2015, 08:42:54 AM
#6
Google translation:

"HKMA Calls beware Bitcoin risk"

"Hong Kong Monetary Authority, said, Bitcoin is not legal tender, but the virtual world of "goods" from the council regulation, calling extra care when people buy or trade.
 
Bitcoin is a public company for the alarm event, the council said today in response to media inquiries, refers to the value of Bitcoin no physical or issuer support, price volatility is great, do not have to become a condition of payment media or electronic money.
 
The HKMA said that the incident may involve deception or inducement to participate in pyramid schemes, would not comment on specific cases."


http://www.news.gov.hk/tc/categories/finance/html/2015/02/20150211_184454.shtml
legendary
Activity: 1246
Merit: 1000
February 11, 2015, 08:32:43 AM
#5
Oh no, this has nothing to do with bitcoin. Just because some bad apple which runs a company which so called relates to bitcoin, spoils the day, doesn't mean that it is bitcoin's fault. Somebody really needs to step up and explain all these to those people and clear the misconception.

It's no use, these people like to blame everyone but themselves for falling for obvious Ponzi schemes. Their brains have been lost a long time ago.
Q7
sr. member
Activity: 448
Merit: 250
February 11, 2015, 08:12:24 AM
#4
Oh no, this has nothing to do with bitcoin. Just because some bad apple which runs a company which so called relates to bitcoin, spoils the day, doesn't mean that it is bitcoin's fault. Somebody really needs to step up and explain all these to those people and clear the misconception.
sr. member
Activity: 1330
Merit: 289
February 11, 2015, 07:58:54 AM
#3
That ´s the reason for the huge asks on Stamp.
It´s just getting worse every day, i don´t know how much longer i can take it. Embarrassed

Let's see how the market will react.

https://bitcointalksearch.org/topic/hong-kong-issues-warning-about-bitcoin-951238
hero member
Activity: 504
Merit: 500
Moderator
February 11, 2015, 07:56:33 AM
#2
That ´s the reason for the huge asks on Stamp.
It´s just getting worse every day, i don´t know how much longer i can take it. Embarrassed
sr. member
Activity: 1330
Merit: 289
February 11, 2015, 07:53:00 AM
#1
"The government should clamp down on bitcoin, said lawmakers Leung Yiu-chung and James To, who accompanied the complainants, among them Nepalese and mainland Chinese, as well as Hong Kong citizens.

"The government should not just stand aside," Leung told reporters. "It's simply not enough to just ask people to exercise caution when investing ... it has to ban the circulation of such virtual currency in the market.""

http://uk.reuters.com/article/2015/02/11/uk-fraud-bitcoin-hongkong-idUKKBN0LF0WV20150211
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