Government Official: FTX Collapse Will Not Stop Hong Kong Becoming Virtual Asset Hub

The abrupt collapse of major crypto exchange FTX has shaken the cryptocurrency markets across the world, but it will not hamper Hong Kong’s plans of establishing itself as a crypto hub, according to the city’s Financial Secretary, Paul Chan. 
A recent string of bankruptcies by a number of crypto businesses makes a case for enhanced transparency and tighter regulation within the industry, Chan wrote in a recent blog post, as reported by The South China Morning Post. …
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