Hong Kong has reaffirmed its commitment to become a regional crypto hub. bitcoin cryptocurrency
Hong Kong has reaffirmed its commitment to become a regional crypto hub in following the collapse of cryptocurrency exchange FTX. “As certain crypto exchanges collapsed one after another, Hong Kong became a quality standing point for digital asset corporates,” said a top government official.Hong Kong Financial Secretary Paul Chan Mo-po reaffirmed the city’s crypto commitment at a web3 summit in Cyberport Monday.
He added that Hong Kong has a robust regulatory framework for crypto that “matches international norms and standards.” Hong Kong is pushing to become a regional crypto hub despite the collapse of crypto exchange FTX and several other crypto firms filing for bankruptcy. Last month, the city’s Securities and Futures Commission issued awarning about the risks associated with crypto platforms offering deposits, savings, earnings, and staking services.
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