This Past Week The Monetary Authority Of Macau Issued A Warning That Virtual Currency Is Not Legal Currency.
Information from owning or hkma cyber security guidance on your financial centres may have. The hong kong monetary authority (hkma) has also stated that it regards bitcoin not as legal tender but as a “virtual commodity”. The hong kong monetary authority ('hkma') published, on 8 june 2021, a statement on its fintech 2025 strategy for the financial sector of hong kong.
First, The Report Outlines The Basic Architecture Of Federal Aml
It is a centralised entity, denominated in domestic currency, operated with state oversight and functioning as fiat money. On february 11, hong kong monetary authority (hkma) issued a statement to reminds public to be aware of the risks associated with bitcoin. It has been reported that speculation on bitcoins, a virtual currency, is rife all over the world at present, with their prices surging by a.
Stating That “Recently, The Media Reported That Companies Had Virtual Currency.
Mergers, takeovers or restructurings of authorized institutions. In the circular, the hkma asks banks planning to engage in activities relating to cryptoassets to discuss them with the hkma and demonstrate that they […] But one particularly interesting development is a recent joint venture between the hong kong monetary authority (hkma) and the bank of thailand (bot.
However, The Authority Will Be Closely Watching The Usage Of Bitcoin Locally And Its Development Overseas.
General consent granted by the monetary authority under section 97 (1) of the banking ordinance (pdf file, 44.3 kb) 24 dec 2015. Residential mortgage survey results for january 2022. We intend to make a submission in response to the stablecoin discussion paper.
In Its “Money Laundering And Terrorist Financing Risk Assessment Report” The Financial Services And Treasury Bureay Writes “Virtual Currencies (“Vcs”) Are Virtual Commodities” And Refers To Bitcoin Primarily As A Virtual Currency.
4, 2019) on march 18, 2019, the hong kong monetary authority (hkma) issued a circular endorsing a statement on cryptoassets made by the basel committee on banking supervision (bcbs). Hong kong monetary authority (hkma) has stated that it is working with the people’s bank of china (pboc) to test digital yuan use cases. Hkma will, together with the securities and futures commission of hong kong, provide guidance.