Tuesday January 26, 2021
Bitcoin (BTC) $32,118.00   Ether (ETH) $1,330.68
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Regulation

Gatecoin notes of potential token delistings pending Hong Kong compliance review

Published by CryptoNinjas.net
10/04/2017

Hong-Kong registered bitcoin and cryptocurrency exchange Gatecoin said today that following the Hong Kong Securities and Futures Commission’s (SFC) statement on Initial Coin Offerings back in September, the Gatecoin team has been working with legal advisors to determine the impact of the statement on its business.

The company affirmed they are currently awaiting the results of a regulatory compliance review by their legal advisors on the status of specific tokens that are listed on its exchange.

The review will determine whether a token that is currently listed fits the category of a security under the Hong Kong Securities and Futures Ordinance, and if so whether the token founders have taken steps to structure their token in accordance with the SFC’s framework.

Tokens deemed likely to be categorized as securities will be delisted from Gatecoin.

Gatecoin declared that once it has confirmed which of these tokens are to be delisted, clients will have one week to trade their tokens for bitcoin (BTC) or ether (ETH). After this period, both trading and deposits of such tokens will no longer be available through the exchange.

Yet, Gatecoin noted that users will still be able to immediately store any delisted tokens that maintain balances within company hosted wallets. Clients continuing to hold balances in these delisted tokens will then be provided a one-month period to withdraw these funds from their Gatecoin accounts.

Gatecoin plans to send multiple updates to clients with balances in those delisted tokens to ensure that they are adequately informed of the inability to trade following the delisting.

Even though Hong Kong is an autonomous territory of Mainland China with separate political and economic systems, the policy of China’s current ICO ban may soon take some shape within the Special Administrative Region of the People’s Republic of China.

FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

Hong Kong crypto exchange Gatecoin winds down operation

03/15/2019

Crypto exchange Gatecoin joins Coinfirm’s AMLT Network

11/29/2018

Hong Kong bitcoin exchange Gatecoin implements express onboarding

09/19/2018

Augmented reality ecosystem Arcona gets token listed on Gatecoin

09/18/2018
Gatecoin lists litecoin LTC

Litecoin (LTC) now listed on crypto exchange Gatecoin

11/21/2017

Gatecoin says no to SegWit2x and forced to delist DGD, ICN, PAY, and MCO

10/23/2017
Load More
Leave Comment

Recent Updates

BitPay adds the Changelly crypto exchange API to app

Ibanera to use Fireblocks for secure crypto service management

Mercuryo expands its fiat-to-crypto gateway to the US with Zero Hash

Crypto derivatives exchange Bit.com integrates with Copper ClearLoop for off-exchange settlement

Financial blockchain Findora opens applications for $5M grant program

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Zilliqa tokenizes rare single-malt scotch whisky casks, now available to accredited investors

Crypto payment and wallet project TenX shuts down

Japan’s Coincheck lists Enjin Coin (ENJ) after regulatory approval

Crypto exchange Bitpanda opens pre-orders for Visa debit card

Moonbeam and Ocean Protocol to bring a new data economy to Polkadot

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version