Govt Urged To Ban Antique And Mammoth Ivory
"); jQuery("#212 h3").html("

"); });
2021-11-24 HKT 12:17
Conservationists are calling on the Hong Kong government to ban the sale of antique ivory and mammoth ivory, saying allowing these products to be sold will leave a loophole for the illegal trade of elephant tusks to continue.
Jovy Chan, manager of wildlife conservation at WWF Hong Kong, made the call on Wednesday, about a month before a ban on elephant ivory sales comes into effect.
She said illegal elephant ivory may be passed off as antique ivory dated before July 1925 or mammoth ivory because they look similar, and so they should all be banned.
International elephant ivory sales have been prohibited since the 1990s, and Hong Kong legislated on a ban on local trade in 2018 but gave businesses a five-year grace period for them to clear their stocks.
Some sellers asked for a longer grace period and compensation for unsold stock, citing the Covid-19 pandemic, but Chan said their demand is unreasonable.
“Since 1990, the international trade of ivory has already suspended. They still had more than 30 years to sell all their ivory stock… and also, [the Agriculture, Fisheries and Conservation Department] has arranged two big auctions to allow the traders to sell the ivory to overseas in the past,” she noted.
“For the compensation, they already have the grace period to help them sell all the ivory, I can’t see the reasons why we need to give them compensation.”
Chan also said a licensing system should be put in place for all the unsold ivory which will become personal property that can only be given out as gifts or exhibited for free.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more