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Regulatory “cocoon” and China crackdown may hit Hong Kong’s prospects as crypto-trading hub

The combination of Hong Kong’s conservative stance toward regulating crypto assets and mainland China’s newly-introduced ban on cryptocurrency has raised questions over the city’s attractiveness to firms that trade in these securities. Julia Leung, deputy CEO and executive director, intermediaries, at the Securities and Futures Commission (SFC), described the shift of crypto assets into mainstream financial markets as a “metamorphosis”…

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