Bitcoin markets are safe from a Mt Gox dump for now, Hong Kong to boot out unlicensed exchanges, Binance sells Gopax claims at rock bottom.
Binance sells Gopax claims at rock bottom, Hong Kong to boot out unlicensed exchanges, Mt. Gox stirs liquidation fears, and more.that the firm will not dump its Bitcoin stake to repay creditors as of now: “As far as I know, everything is fine with Mt Gox. The trustee is moving coins to a different wallet in preparation for the distribution that will likely happen this year; there is no imminent sale of Bitcoins happening,” Karpeles wrote.
“Remember, fewer than 20 million Bitcoins exist right now, but roughly a third of those haven’t been traded for more than five years. A further portion is believed lost forever; that could be anywhere from two to six million Bitcoin. Suddenly 100,000 looks like more than a drop in the ocean,” he added.
“It is a criminal offence to operate a VATP in Hong Kong in breach of the AMLO , and the SFC will take all appropriate actions against any breaches of the law,” it states.Despite having a VATP licensing regime active since last June, the only crypto exchanges approved by Hong Kong regulators remain Hashkey and OSL Group. Among numerous requirements, exchange applicants are required to submit audited financial returns, use verified custodians for users’ deposits, and acquire insurance.
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