correction: 796 has very high withdraw fees.
Screw them, then.
They also have a very awkward interface.
I see. I'm not very familiar with them at all, other then that they have some kind of HK license for dealing with money. I think bitfunder is the way to go. Being listed on 796 could give us some extra protection, plus being on multiple exchanges would make things much easier for people, especially if there was a way to transfer shares.
That license only at best make their BTC exchange legal. Not a license will protect security exchange, which is almost impossible to be completely legal in my opinion.
It depends on the local laws. Some countries are extremely lax when it comes to banking regulation.
Yes, agree. But security exchange is out of the scope of banking, I think. So coinbase is fine but btct is not. In china, btcchina is fine, but both btc garden and myminer have to cancel their IPO. I don't know the law in HongKong, but most likely that license is just for normal currency exchange, at most some unit trust distribution, not for running a stock market let alone withunregulated virtual stocks.
But anyway, more exchanges are fine. Most people will just stick to one anyway, others are all just backups.