Representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration taken May 20, 2021. REUTERS/Dado Ruvic/Illustration
HONG KONG: Cryptocurrency exchanges operating in Hong Kong will have to be licenced by the city s markets regulator and will only be allowed to provide services to professional investors, according to government proposals published on Friday.
Governments and financial regulators around the world are still assessing whether and how they should regulate the cryptocurrency industry. Investor protection and preventing money laundering are particular concerns.
Cryptocurrencies such as bitcoin and ether have been on a roller-coaster ride this week which has raised further questions about their potential as mainstream investments.
On Your Side: Protect yourself from phony contractors
OYS: Protect yourself from phony contractors By Jennifer Horton | April 1, 2021 at 7:37 PM CDT - Updated April 1 at 7:37 PM
BIRMINGHAM, Ala. (WBRC) - Dozens of homeowners in Alabama are waiting for needed repairs after more than 30 tornadoes ripped across our area
in March.
Because of the pandemic, Hurricane Sally and recent storms the damage outweighs the number of contractors. The increased demand sets the scene for unscrupulous business and phony contractors.
Experts say it’s not ‘if’ unlicensed workers will show up, but ‘when.’
Chip Carden, Executive Director of the Alabama Home Builders Licensure Board says the unlicensed construction crews often follow storm damage, looking to make good on a homeowner’s bad fate.