31 Jan '14, 2pm

#bitcoin

#bitcoin

A new Hong Kong bitcoin exchange has launched after raising $2m in funding from local investors. The exchange, HKCex , said the funds came from “private financial institutions” in the region. HKCex is led by chief executive and chairman Pheng Cheah. The company said it will allow mainland China customers to open accounts and will also accept wire transfers from mainland bank accounts. “Mainland customers are welcome,” said Lavin Lam, a marketing and PR spokesperson for the exchange. HKCex will also allow customers to use deposit and withdraw funds to credit cards using a PayPal gateway. This requires a signed authorisation form for transactions, Lam said. The new exchange will trade bitcoin, but it plans to include altcoins like litecoin , PPcoin , Novacoin and namecoin within a month of launching the service on 1st March. The funds will be spent on building the exchange’s...

Full article: http://www.coindesk.com/new-hong-kong-bitcoin-exchange-we...

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