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Hong Kong woos mainland China crypto firms in push to bolster finance hub status

After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city is rolling out the red carpet to a finance sector tarnished by events elsewhere in a bid to bolster its status as a finance hub - cryptocurrencies.

After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city is rolling out the red carpet to a finance sector tarnished by events elsewhere in a bid to bolster its status as a finance hub - cryptocurrencies. While scandals and high-profile bankruptcies have prompted some governments to distance themselves from the cryptocurrency industry, Hong Kong is pulling out all the stops to court mainland China crypto companies to rebase in the city. Mainland China banned cryptocurrency trading in 2021.

by wjb news
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