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Bangkok Post
Bangkok Post
Business

UNCOVERED: Hong kong touts retail friendly crypto rules | History Defined

A booth of the cryptocurrency exchange OKX is seen at the Hong Kong Web3 Festival in April this year. (Photo: Reuters)


HONG KONG: Hong Kong opened its arms to the virtual asset world on Thursday, introducing new retail-friendly rules for the city’s crypto exchanges.

The city is looking to embrace crypto despite some high-profile failures in the sector in recent months, including the meltdown of the trading platform FTX, which wiped out more than $1.5 trillion in the market.

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