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Binance edges closer to making bid for Hong Kong crypto license

Expansion comes as city loosens crypto-trading rules

Binance is moving to hire key officials that it will need in order to apply for an operating license in Hong Kong. The Chinese territory is trying to become Asia's digital asset hub.   © Reuters

HONG KONG -- Cryptocurrency platform Binance is hiring officials that it will need in order to apply for a license to offer services in Hong Kong, highlighting the digital asset giant's efforts to put down roots in Asia as it faces increased scrutiny in the U.S.

The digital asset specialist has recently hired a "responsible officer," an individual licensed by the Securities and Futures Commission (SFC), and it is looking for a government relations director to focus on Hong Kong, according to people familiar with the company's moves.

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