A senior Hong Kong authorities has actually indicated that the government does not see a need for legislation that would control or prohibit bitcoin activities.
The statement by Secretary for Financial Solutions and the Treasury Teacher KC Chan comes in response to a concern sent during a meeting of the Legislative Council of Hong Kong by council member Leung Yiu-chung.
Leung requested an update on the investigation into the MyCoin bitcoin investment fraud in addition to clearness on whether officials mean to control bitcoin activities more actively, according to a press release from the Hong Kong government.Continue reading at CoinDesk CoinDesk