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Hong Kong bets on crypto as sector’s star dims over crackdowns overseas

Summary by Ground News
Hong Kong is embracing virtual assets, betting that a new regulatory framework will help the city avoid the stumbles seen elsewhere. Authorities issued licences granting two cryptocurrency exchanges approval to engage in retail trading of digital assets for the first time. New regulations come as mainland China continues to ban cryptocurrencies.

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Al JazeeraAl Jazeera
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Hong Kong bets on crypto as sector’s star dims over crackdowns overseas

The Chinese territory has issued its first licenses for retail crypto trading amid push to cash in on virtual assets.

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Al Jazeera broke the news in Qatar on Tuesday, August 22, 2023.
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