Is virtual currency trading platform legal in Hong Kong
1. The price fluctuates violently and the consumer protection is lacking:
virtual currency is the proct of network, and the digital information flowing in the network is beyond the control of all people. The code of cyberspace is the basis of the operation of virtual currency, investors can only operate through the front-end interface, seemingly "control" the virtual currency. The operator of the virtual currency service organization may become the actual controller of the virtual currency through the control code<
2. Avoiding supervision and becoming the "accomplice" of criminal activities
virtual currency transaction is not protected by law:
virtual currency transaction is not illegal, and it is not illegal to invest in virtual currency. But how to get involved in virtual currency transactions is illegal and illegal. It may be suspected of illegal fund-raising.
According to the announcement on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China
on September 4, 2017, the central bank and other seven ministries and commissions jointly issued the "notice on preventing the financing risk of token issuance", which pointed out that any so-called token financing trading platform shall not engage in the exchange business between legal tender and token and "virtual currency", and shall not buy or sell tokens or "virtual currency" as a central counter party, It is not allowed to provide pricing, information intermediary and other services for token or "virtual currency"
on November 13, 2019, the Beijing Municipal Bureau of Local Financial Supervision issued the "risk tips on unauthorized business activities of branches of trading places" which pointed out: "if there are branches of foreign trading places (mainly financial assets exchange) carrying out business activities in Beijing, it is illegal business activities."
extended data
digital currency may breed many illegal behaviors, such as exchange or one of the fields where illegal behaviors occur. The exchange may manipulate the stability of digital currency value, but the stability of currency value is closely related to the risk of financial system. If the fluctuation of currency value is manipulated artificially, it may bring bad capital flow and affect the security of national financial system
from the perspective of financial stability, strengthening the supervision of exchanges is concive to maintaining the stability of financial order. Due to a large amount of capital flowing into the exchange, under the influence of businessmen pursuing profits, it is likely to cause the behavior of ICO in the currency circle, resulting in the lack of necessary support for the technology research and development of the chain circle. In order to regulate the market, it is necessary for the relevant departments to strengthen the supervision of the exchange
in the era of material abundance, money can buy what you want and enrich your life. Therefore, people have a dream of realizing wealth freedom and entering a better life there are many such dreams, which are often used. With the development of the Internet, online transactions have become more convenient and fast, people's financial management ideas have improved, and they will take spare money to invest, but the bank interest is low, the fund will not choose, and the stock water is too deep. Generally speaking, the income can't tempt greedy people
1. It is illegal to have a financial trading platform that is not recognized by China Securities Regulatory Commission and China Banking and Insurance Regulatory Commission. With the concept of blockchain being put forward, virtual currency has become popular. In China, there are bitcoin, Leyte coin, Ruitai coin, etc. the income of these virtual currencies has been blown to be amazing. People who listen to these virtual currencies will be envious and have new illusions. They don't know that this is just a Ponzi scheme, and the virtual currency trading platform will trick investors into inviting them, After the investors' funds are cheated, there will be a series of figures. Some of them will fall sharply as soon as they buy, and smart people can stop losses. Some of them will go up sharply when they buy, and investors will continue to add chips, and finally they can't cash out
The legal currency of Hong Kong is Hong Kong dollar. In most cases, Hong Kong dollar can be used, as well as US dollar, euro, Japanese yen and RMB. Hong Kong is a free port. All currencies can be directly used for trading, but only Hong Kong dollars must be used
Hong Kong dollar, or Hong Kong dollar, is the legal currency in circulation in Hong Kong. According to the basic law of Hong Kong and the Sino British Joint Declaration, Hong Kong's autonomy includes the right to issue its own currency. Its formal ISO 4217 is called HKD for short; The mark is HK $. The Hong Kong Monetary Authority, Standard Chartered Bank (Hong Kong) Limited, Hongkong and Shanghai Banking Corporation Limited and Bank of China (Hong Kong) Limited announced on July 20, 2010 that they will launch the new series of Hong Kong dollar banknotes in 2010. Hong Kong has established a linked exchange rate system in which the issuance of Hong Kong dollar is linked to the US dollar. The US dollar held by the exchange fund supports the stability of Hong Kong dollar notesthe first banknotes in Hong Kong were issued by the Oriental Bank in 1845. Before the government passed the currency regulations in 1935, many banks issued banknotes, but these banknotes were mainly used for commercial transactions. The government only accepts the banknotes of some chartered banks as legal currency. After the Hong Kong government issued $5 coins in 1975, the issue of $5 notes ceased. In the 1990s, the government issued $10 coins, and banks stopped issuing $10 notes. Later, the Bank of China became one of the note issuing banks in Hong Kong. In 2002, the 10 yuan note was issued again by the monetary authority
extended information:
the new series of Hong Kong dollar banknotes in 2010 has five denominations and the same color as the banknotes in circulation. The first to be announced on the 20th is the design of new banknotes of HK $1000 and HK $500, which will be put into circulation in the fourth quarter of 2010 and early 2011 respectively. The designs of the remaining HK $100, HK $50 and HK $20 banknotes will be announced in 2012. According to reports, the new banknote has a number of advanced anti-counterfeiting features, and unifies the position of relevant features on five denominations of banknotes
a closer look shows that the characters "H" and "K" are made up of micro letters; Unified high transparency watermark: it is composed of Bauhinia Flower, denomination number and dot pattern; Fluoros pattern - the complete pattern can be seen by backlight, showing two fluorescent colors under ultraviolet light; Fluorescent banknote number - the number in line appears fluorescent red under ultraviolet light. Braille and touch line are added to the new banknotes for the first time to facilitate the visually impaired to identify the denomination of banknotes
source of reference: Internet - HKD
however, it is strongly recommended not to play with foreign platforms, which are easy to be hacked and frozen
for domestic platforms, please identify three major platforms: okex, fire coin and coin security
more questions about digital currency can be left!