Is crypto trading legal in Hong Kong?

Currently there is no specific legislation aimed at restricting cryptocurrencies in Hong Kong but the SFC regulates anyone involved in trading of cryptocurrencies that fall within the SFO definition of either “securities” or “futures contracts” by requiring them to be licensed.

Who is the richest crypto investor?

7 Crypto Billionaires Make Forbes 2021 List of Richest Americans

• Sam Bankman-Fried. Bankman-Fried’s net worth more than doubled to $22.5 billion thanks to a recent $900 million funding round for his crypto exchange FTX, which valued the company at $18 billion.
• Brian Armstrong.
• Chris Larsen.
• and 5.
• Fred Ehrsam.
• Jed McCaleb.

Is crypto taxable in Hong Kong?

In Hong Kong, there is no capital gain tax. Investors buying and selling financial investments at a profit don’t have to pay tax on these sales. However, frequent crypto trading as a “normal course of business” is treated as income, making it subject to income tax also known as profits tax in Hong Kong (16.5\% cap).

Is Coinbase legal in Hong Kong?

Coinbase Support in Hong Kong | Coinbase. Sign up with Coinbase and manage your crypto easily and securely. Now available in Hong Kong and in 100+ countries around the world.

Does Mark Zuckerberg own Cryptocurrency?

Mark Zuckerberg Reveals He Owns Bitcoin — But It’s Not What You Think | Technology News.

What does Hong Kong’s crypto ban mean for crypto exchanges?

Cryptocurrency exchanges are on tenterhooks as they await the outcome of a proposal by Hong Kong’s government to ban retail investors from trading in the city, at a time when digital assets are winning acceptance as mainstream forms of payment and market leader bitcoin rises to a record level.

Could Hong Kong’s proposed rules on virtual money platforms encourage financial crime?

Register and follow to be notified the next time content from Bitcoin is published. Hong Kong’s proposed rules on licensing virtual money platforms could encourage financial crime, said the industry body Global Digital Finance (GDF) Register and follow to be notified the next time content from Bitcoin is published.

How do Hong Kong’s Securities Rules define a professional investor?

Hong Kong’s securities rules define an individual professional investor as having a portfolio of at least HK$8 million. A survey by Citibank released last September found that there were with net assets of at least HK$10 million (US$1.3 million), or 7 per cent of the city’s population in mid-2020.

Are Hong Kong’s Bitcoin ATMs safe from regulators?

Its market capitalization is now more than double that of JPMorgan, the world’s largest bank. Hong Kong’s bitcoin ATMs are safe from regulators, but for how long? Hong Kong’s bitcoin ATMs are safe from regulators, but for how long? Major cryptocurrencies are becoming mainstream methods of payment.