Authorities say a well-regulated crypto market will build confidence in digital assets
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.
China has had a strict ban on crypto since 2021, but in Hong Kong — which operates on a separate legal framework — trading has been…
