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Hong Kong Reaffirms Commitment to Becoming Regional Crypto Hub

Hong Kong has reaffirmed its commitment to becoming a regional crypto hub following the collapse of the 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. Joseph Chan, the undersecretary for financial services and the Treasury for the government of Hong Kong, revealed at the same event that the city is preparing to issue more licenses for digital asset trading firms. Moreover, it is planning a consultation on crypto platforms to explore the potential for retail participation in the industry. (Bitcoin.com)

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