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Crypto Firm Circle Eyeing Hong Kong Policies With Asia in Focus

June 27 (Cointime) - According to Bloomberg, Hong Kong rolled out a new crypto regulatory regime starting June 1 at a time when global digital assets firms are seeking new destinations that are suitable and safe for investors and users amid a crackdown in the US. Hong Kong has yet to come out with regulations governing stablecoins.

Hong Kong’s pivot toward becoming a digital-asset hub has quiet backing from Beijing even as trading remains banned on the mainland. The new stance in Hong Kong has stirred hopes that China could eventually lift its crypto ban sooner rather than later.

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