IncheonBeautyBloom
Fri Jun 07 2024
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6 answers
1200
Is crypto illegal in Hong Kong?｜Under Hong Kong law, . There is currently no digital asset that is backed by the Hong Kong government. Cryptocurrencies are not legal tender regulated by the HKMA and do not qualify as money
Could you please clarify the legality of cryptocurrencies in Hong Kong? According to Hong Kong's legal framework, it appears that there is currently no government-backed digital asset. Does this mean that cryptocurrencies are not considered legal tender in Hong Kong and are not regulated by the Hong Kong Monetary Authority (HKMA)? Are they, therefore, not classified as money in the territory?
HanbokElegance
Thu Jun 06 2024
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7 answers
1861
Is crypto legal in Hong Kong?｜Under Hong Kong law, . There is currently no digital asset that is backed by the Hong Kong government. Cryptocurrencies are not legal tender regulated by the HKMA and do not qualify as money
Could you please elaborate on the legality of cryptocurrencies in Hong Kong? As per Hong Kong's legal framework, it seems that there are currently no digital assets that enjoy official backing from the Hong Kong government. Are cryptocurrencies considered legal tender, or do they fall outside the purview of the Hong Kong Monetary Authority's regulation? Furthermore, does this mean that they do not qualify as a form of money in Hong Kong?
