Victory Securities Blocks Virtual Asset Purchases from Mainland China IPs

The Hong Kong-based brokerage enforces new restrictions from December 19 to align with regulatory developments in Mainland China.

VIRTUAL
IP

Summary

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Terms & Concepts
  • Virtual Asset: A digital representation of value, such as cryptocurrency or tokens, that can be transferred, stored, or traded electronically.
  • IP Address: A unique numerical identifier assigned to a device connected to the internet, indicating its location and network.
  • Mainland China Regulatory Tightening: The increased enforcement and introduction of rules by Mainland Chinese authorities concerning sectors like digital assets and cryptocurrencies.