Hong Kong's Wen Wei Po revealed that the capital chain of Myanmar's Asia-Pacific New Town is inextricably linked to cryptocurrencies, among which Tether (USDT) is a cryptocurrency commonly used by electronic fraud groups and even global illegal activities. Tether's distribution company Tether and its parent company iFinex were both registered in Hong Kong and are closely related to Bitfinex, one of the world's largest cryptocurrency trading platforms. Hong Kong's Secretary for Financial Services...
According to the Hong Kong Wen Wei Po, after mainland investors cash out virtual currencies in Hong Kong, there are restrictions on bringing cash back to the mainland. Now the customs stipulates that each person can only carry RMB within 20,000 yuan each time. If bank transfers involve issues such as the source and use of funds, they must abide by the national compliance policy. A virtual asset exchange shop located near the Tsim Sha Tsui subway station said that customers who buy or cash out mo...
"Hong Kong's status as an international financial center is as solid as a rock", the article pointed out that Hong Kong should also strive to develop into a technological innovation financial services hub, strive to occupy a global leading position in the field of virtual assets and technology complementarity (such as blockchain and Web 3.0), and strengthen cooperation with other cities in the Greater Bay Area in high-tech R & D and innovation.