"Hong Kong lawmakers on Wednesday urged authorities to ban bitcoin as more than 25 people flocked to police headquarters to complain over a scam involving the digital currency that media estimate could have duped investors of up to $387 million (253 million pounds)."
"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
Most of the huge exchanges (Bitfinex, Huobi; Okcoin..) are located in Hongkong. These are pretty huge (and bad) news for Bitcoin, at least the price of it.
I am a bit worried what will happen when those bans will be outspoken? Will the exchanges dissapear with the money/coins due to fractional reserve banking.
Or willl users have the possibility to withdraw their funds in a given timeframe?
Topic: Hongkong lawmakers wants to ban Bitcoin!! Bitfinex, Huobi, Okcoin in danger!!! - page 3. (Read 3280 times)
February 11, 2015, 07:33:34 AM
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