Cryptocurrency Q&A
What crypto platforms are legal in Hong Kong?
What crypto platforms are legal in Hong Kong?
Nicolo
Fri Jun 07 2024
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7 answers
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Could you please enlighten me on the legal status of cryptocurrency platforms in Hong Kong? I'm particularly interested in understanding which ones are compliant with the local regulations and are considered legitimate for trading and investing. Could you provide a brief overview of the legality of these platforms in Hong Kong, highlighting any specific platforms that are widely recognized and trusted by the community? Additionally, are there any specific requirements or licenses that these platforms need to obtain to operate legally in the territory? Thank you for your assistance in clarifying this matter.
7 answers
KimonoElegant
Sun Jun 09 2024
Operating under a rigorous regulatory framework, the exchange adheres to strict compliance standards, ensuring that its services are both secure and compliant with local laws and regulations. This commitment to transparency and accountability has been a key factor in its success.
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KpopHarmonySoul
Sun Jun 09 2024
BTCC's spot trading platform allows users to buy and sell cryptocurrencies at current market prices, providing them with a convenient way to enter and exit the market. Its futures trading platform, on the other hand, offers more advanced trading options for those looking to capitalize on market movements.
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Lorenzo
Sun Jun 09 2024
Currently, Singapore has a limited number of approved exchanges serving retail customers. This exchange, along with HashKey, are the only two platforms authorized to offer their services to retail investors in the city-state.
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RiderWhisper
Sun Jun 09 2024
Cryptocurrency exchanges have become a pivotal aspect of the digital asset ecosystem, facilitating the buying, selling, and trading of various cryptocurrencies. Among these exchanges, one stands out as a leader in the industry - a platform that was originally founded in Hong Kong but has now relocated its operations to Singapore.
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KatanaSwordsmanship
Sun Jun 09 2024
HashKey, the second exchange on the list, received its licence in 2022 under a previous voluntary scheme. Since then, it has grown rapidly, attracting a loyal following of crypto enthusiasts and investors.
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- What crypto platforms are legal in Hong Kong?｜, which was founded in Hong Kong and now operates out of Singapore, is the largest of the exchanges “deemed to be licensed”. The city currently has just two exchanges approved to serve retail customers, with HashKey being the last to get a licence in 2022 under the previous voluntary scheme.Crypto.com
