China’s cryptocurrency ban clouds Hong Kong’s role as innovation hub for digital assets as tighter legislation seen

China’s ban on cryptocurrency trading is clouding Hong Kong’s role as a hub for innovations in financial technology, with the start-up community seeing weakening prospects of capturing the mainland business.The People’s Bank of China, together with nine other government bureaus and regulators, last month warned cryptocurrency players of potential violation of Chinese laws, calling such transactions illegal and liable for prosecution. The action caused ripples and slammed industry related stocks…


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