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  • November 23, 2014
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  1. Business - Banking & Finance - DIGITAL CURRENCIES

    Bitcoin firm Hong Kong Crypto Exchange mum on backers' identities

    Posted Feb 02nd 2014, 04:23am by DANNY LEE

    ... Danny Lee danny.lee@scmp.com New bitcoin exchange silent on who backers are Hong Kong's latest bitcoin exchange is set to become the city's best funded even amid questions about ... of the digital currency. The city's third bitcoin exchange cited non-disclosure agreements for its refusal to reveal its owners' identities. "It is no secret nowadays there are several ...

  2. Comment - Blogs

    Mt Gox temporarily halts Bitcoin withdrawal

    Posted Feb 07th 2014, 10:04pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Twitter: @JournoDannyAsia More bad news for digital currency customers as Japan-based trading platform temporarily suspends bitcoin Bitcoin prices plunged on Friday after a major exchange announced a temporary halt to bitcoin withdrawals, sparking fears for the health to a significant player in digital currencies. Japan-based Mt Gox said it had ...

  3. News - Hong Kong - LUNAR NEW YEAR

    Company offers bitcoin instead of cash in lai see packets

    Posted Jan 29th 2014, 06:58pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Bitcoin gains currency as lai see gift Lunar New Year tradition was turned on its head yesterday with lai see packets filled with bitcoin coupons instead of cash being handed out to the public. In the biggest bitcoin giveaway in the world, 50,000 red packets are being distributed all over Hong Kong. But people thinking they have struck it rich ...

  4. Business - Banking & Finance - FINANCE

    Bitcoin promoter charged in US with conspiracy to launder money

    Posted Jan 28th 2014, 01:54am by Reuters

    ... Reuters in New York Charge against leader of trade group promoting currency alleges he helped exchange operator transfer cash to online drugs bazaar Silk Road Bitcoin champion accused of plot to launder money The vice-chairman of the Bitcoin Foundation, a trade group promoting the adoption of the digital currency, has been charged by US prosecutors with conspiring to commit ...

  5. News - Hong Kong - VIRTUAL CURRENCIES

    Hong Kong to get world's second bitcoin ATM, say makers

    Posted Jan 05th 2014, 05:20am by DANNY LEE, JOANNA CHIU

    ... Danny Lee and Joanna Chiu City to get world's second bitcoin ATM The bitcoin revolution is shifting to the east, say the Americans behind the world's first cash machine ... for bitcoin in Asia that establishing a presence in the region was vital, he said. "I think Hong Kong is a very progressive environment," Kelley said. "The government takes ...

  6. Business - Banking & Finance

    Banking group sceptical about bitcoin's future, calling currency 'inherently fragile'

    Posted Jan 10th 2014, 03:41pm by Agence France-Presse in Washington

    ... Agence France-Presse in Washington Market dominated by speculators rather than users, making price volatile, report says The online currency bitcoin has shown unexpected success, but its ... 450 banks and financial institutions, said more regulation of bitcoin exchanges and transactions could strengthen its legitimacy among consumers and ease regulators’ doubts about it. ...

  7. News - World

    Taxpayer advocate says the IRS needs to seat clear rules on bitcoin

    Posted Jan 10th 2014, 01:39am by BLOOM

    ... Bloomberg in Washington Taxpayer advocate says agency needs to decide whether it is currency or property IRS urged to set clear rules on bitcoin The US Internal Revenue Service should give taxpayers clear rules on how it will handle transactions involving bitcoin and other digital currencies, Nina Olson, the national taxpayer advocate, said yesterday. Spending bitcoins to purchase ...

  8. Business - China Business - FINANCE

    Chinese players quit volatile bitcoin market after government steps in

    Posted Dec 19th 2013, 11:51pm by DANNY LEE

    ... Danny Lee, Jane Cai and Adrian Wan Mainland players quit bitcoin market Beijing's crackdown on virtual currencies has led to an exodus of investors and enthusiasts who fear financial ruin. A number of bitcoin buyers, retailers and entrepreneurs have withdrawn from the digital currency after back-to-back demands by the People's Bank of China (PBOC), which triggered a run ...

  9. News - Hong Kong - FINANCE

    ‘Better to gamble in Macau’: Hong Kong business students deem bitcoin too risky

    Posted Dec 20th 2013, 10:32am by Johnny Tam

    ... Johnny Tam johnny.tam@scmp.com Business whizz kids not buying bitcoin Students at a private business college say they will not invest in bitcoin because the future of the digital currency is still unclear. "The currency is not regulated," said Jimmy Hui Yuk-ming, a final-year business administration student at Hang Seng Management College. "Some say bitcoin ...

  10. Business - Banking & Finance - FINANCE

    Surge in use of bitcoin leads to ban on China trading

    Posted Dec 05th 2013, 11:31pm by JANE CAI

    ... Jane Cai in Beijing xuejun.cai@scmp.com People's Bank imposes curbs as China's appetite for 'risky' virtual currency causes value to soar Surge in use of bitcoin leads to ban on mainland trading The mainland's central bank yesterday barred financial institutions from trading in bitcoin. It was the first step towards regulating the virtual currency, which ...




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