Hugo Zheng, Manager of ixfintech demonstrates how to use a pre-provided paper wallet + QR code to buy bitcoin for giving away as laisee, or hongbao on 8 February 2021. Photo: Felix Wong
Cryptocurrency exchanges warn Hong Kong’s new rules will drive retail investors onto unregulated platforms
- Hong Kong’s proposed rules on licensing virtual money platforms could encourage financial crime, said the industry body Global Digital Finance (GDF)
- Proposal also widens due diligence on politically exposed persons to include officials from mainland China
Topic |
Bitcoin
Hugo Zheng, Manager of ixfintech demonstrates how to use a pre-provided paper wallet + QR code to buy bitcoin for giving away as laisee, or hongbao on 8 February 2021. Photo: Felix Wong