Here’s how Hong Kong is opening up to crypto
The Scoop
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The Rise of Crypto Exchanges in Asia
Hong Kong is going to go live with its virtual asset service provider licensing regime tomorrow as of the recording of this podcast which is June 1st. This means that crypto exchanges can officially have a pathway towards being legitimate businesses and offering trading services to retail investors. The timing was very very peculiar because I guess Hong Kong's financial regulator in regime issued some language that was quite pro crypto almost directly after the collapse of FTX.
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