Bitcoin Financial Crime an autonomous Country having so many investors for US market of trading and unregulated Crypto Currency exchange. You can easily buy and invest in Hong Kong- China and simply sell your Digital Coins even. Bitcoin skeptics have predicted and generate a new report there is a growing number of Inventors and Traders in Republic of China- Hong Kong Country where users finds the best way to Merchandise. They have not given the clear impact and Physical evidence on Bitcoin’s Fraud’s taking place. There is no such relationship and connection between the two up till now. The Hong Kong Financial Services and Treasury –FSTB released the News On 1st May 2018.
Bitcoin Financial Crime Hong Kong
The reports talks and mentions about money laundering, terrorist financing, fraud and other crimes and even spooked and wrote about the risks equivalent to Initial Coin Offerings –ICO and Crypto Currencies.
Earlier stage Crypto Currencies are not considered legal tender in Hong Kong.
The announcement also mentions that Financial Regulators and the Hong Kong government are instructing and apprehending the risks of the Digital coins respectively. It educates about the financial regulators and the Custom and Excise Duty of Hong Kong have specifically issued circulars to remind regulated institutions of the risks associated with the potential or existing customers who may use the operation in connection to any Digital Coins considering whether to organised and sustain relationships- connection with operations related to Virtual Currencies.
Bitcoin was not popular among people in Hong Kong however The Crypto Currencies have emerged as the Freest Market of all in Hong Kong Now.
The Agency said that they have not heard and expected any issue with the new payment method and the procedure is still growing. Bitcoins are considerably secure in Hong Kong – China. In spite of the fact having deflationary nature in Bitcoin one should be one should be responsible for your own security.
An Especial detailed research center – The Hong Kong Financial Services and Treasury said “Even though there is a characteristic of Financial Risk and assessments related to VCs, there does not seem to be any visible impact affecting the overall risk in Hong Kong so far. The risk of VCs is assessed as medium-low,” the multi-agency task force”. The reports states the use of Crypto Currency and programmers guiding to Cyber Cranes in Digital World.
Every Regulatory and Authorized Department of Hong Kong financial regulators and law enforcement agencies are working for the welfare and security purpose like Money Laundering and Terrorist Financing Risk.
News generated and begun to float the Country- Venezuela, South Africa who is facing the problems of Hyper Inflammation in Year 2018 started to reply on the Digital world and started to trade. Many new emerges joins hands and communities of Bitcoin World. There is a rise again in the Northern Coast of the Country now.
This is a very newly published article that the Bitcoin and Digital Currency is used in many Bitcoin Financial Crime. The issue is clearly expressed by the province of Quebec. The National Assembly of Quebec said these currency are not used as a Tempting Money laundering frauds and others. The Official departments proclaimed saying these Big and renowned coins are majorly used for some other Bitcoin Financial Crime in the Entire Globe.
There are many personality in the world who has gained the center point by saying Bitcoins are used for taking set of Criminal operations of which Mr. Bill Harris is one of them. There are many powerful and carrying largest Bitcoin communities are saying such impulsive statements and bringing reports for Bitcoin Stock Market.