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Hong Kong and Singapore to benefit from China’s tough stance on cryptocurrencies?

With cryptocurrencies garnering the attention of wealthy investors, regulators in Hong Kong and Singapore appear to be taking a more permissive approach to the emerging asset class compared with China – which has clamped down on so-called initial coin offerings (ICOs). “There is a lot of enthusiasm on digital currencies, including from HNWIs, as many believe that digital currencies are…

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