Hong Kong accelerates crypto hub buildup as U.S. competition looms

Regulator rolls out 'roadmap' to address limitations, approving more exchanges

250221 HK Crypto

Hong Kong and the U.S. compete to be the hub of cryptocurrency exchanges by strengthening regulatory frameworks.  © Reuters

ECHO WONG

HONG KONG -- Hong Kong this week introduced a "roadmap" to lower obstacles for licensed cryptocurrency exchanges, just as it faces more competition from the U.S., which is warming up to the industry under the administration of U.S. President Donald Trump.

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