Hong Kong and bitcoins

[slygent]

Hong Kong is the most capitalist territory in the world, so where are all the bitcoiners here? Why is there no HKD-dedicated exchange? Or a way to buy BTC with funds from an HKD bank account (which anyone in the world can open)? Unless I'm missing something...

Get in touch if you also think Hong Kong can be a bitcoin powerhouse.

[jonitas]

I agree. With all the money that is stashed away there to evade taxes there must be a lot of demand for a local bitcoin exchange. However, transfering money from a Hong Kong bank account to Bitstamp for example takes just one day. But it would be good not having to pay the 15 dollars for the international wire though.

[Nagato]

Everybody is too busy flipping properties to care about bitcoin.

[001sonkit]

Hong Konger here, +1

[Brythe]

Hong Konger here.

I think theres no HK-based exchange because of the same reason that the startup scene is so slow in HK = Top HK coders are enslaved by the banks as soon as they graduate as I've witnessed this firsthand with my friends spending their entire uni time deeply into the startup scene in hk and then all joining the banks when it came to getting a job.

[dflatline]

Likely because HKD isn't very popular to buy.

[jonitas]

Likely because HKD isn't very popular to buy.

All the wealthy individuals there have multi currency accounts so that shouldn´t be a problem.

[GiLa]

start one

[slygent]

start one

I think I will

[Haole]

I'd like to know a way/some ways/the best way to be able to transfer BTC into a HK bank account once it's set-up.  I would like to do some traveling in Asia in the near future and would like to fund a small HK bank account to use as a base/back-up.  Can anyone help an old man out? 

[anaikh]

HK dollars is in controlled by HK central bank which will be heavily influcened by PRC.... BTW, the number of geeks who will use bitcoins in HK is fewer than the number of geerks in US / UK dollar area...

[polarpigs]

Likely because HKD isn't very popular to buy.

Even when considering it's one of the most traded currencies in the world?

[gog1]

I believe Bitfinex is incorporated in HK

[danjuro]

Can't you convert HK to USD and then to bitcoin?

[addictivegaming]

Hong Kong is the most capitalist territory in the world, so where are all the bitcoiners here? Why is there no HKD-dedicated exchange? Or a way to buy BTC with funds from an HKD bank account (which anyone in the world can open)? Unless I'm missing something...

Get in touch if you also think Hong Kong can be a bitcoin powerhouse.

Just a quick question. When you said "HKD bank account which anyone in the world can open" would you mind sending me a link or two of how an American citizen who has never been to Hong Kong can open a HKD bank account without having to go there?

I know in certain major cities like New York and San Francisco you can go into certain banks and buy accounts in other denominations but I have not been able to get past the $5,000 minimum they want to open that account, plus it was like a CD not really an active account.

Thanks 

[ilostcoins]

HK dollars is in controlled by HK central bank which will be heavily influcened by PRC.... BTW, the number of geeks who will use bitcoins in HK is fewer than the number of geerks in US / UK dollar area...

There is no central bank in Hong Kong. HKD is pegged to USD for historical reasons which means the money printing done by US central bank devalues HKD just like USD.

I do want to know what's the cheapest way to convert bitcoin to money in a HK bank account though. Anyone have experience?

[BitcoinMoxy]

There was once a beta exchange site by the name of Ruxum (x.ruxum.com - it's down completely now it seems).

It looked very promising and they were the first to offer a direct exchange to and from namecoin, too.

It was HongKong based.

They closed down for legal reasons was the last thing I read about it back then.


There's a link to a list of all active and inactive exchanges on BitcoinMoxy.com in section Bitcoin Community which I think is reliably updated by the folks at Bitcoincharts.

[kimoto]

Opportunities happen everyday. This is yours.

[anaikh]

HK dollars is in controlled by HK central bank which will be heavily influcened by PRC.... BTW, the number of geeks who will use bitcoins in HK is fewer than the number of geerks in US / UK dollar area...

There is no central bank in Hong Kong. HKD is pegged to USD for historical reasons which means the money printing done by US central bank devalues HKD just like USD.

Yes u r  right

[tinoki]

may the fiat is their prefer choice of currency