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virtual banking

The Hong Kong Monetary Authority (HKMA) today announces a new service schedule of the two “Coin Carts” under the Coin Collection Programme, for the period of 20 May 2019 up to 28 July 2019. The schedule and other details of the Programme are shown on the HKMA webpage (coincollection.hkma.gov.hk). (press release) .

Comment: Virtual banking is recognised, cryto-currencies are not.

BIScom Subsection: 

The Hong Kong Monetary Authority, in its daily announcement timed for after everyone except Compliance has set off for Lan Kwai Fong (17:39, this one arrived), has some startling news for all those who are wetting themselves over the future of FinTech. A third of applicants for licences made such a mess of the process that the HKMA has thrown them out.

 


 

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