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Is Beijing Quietly Backing Hong Kong’s Crypto Ambitions?

Earlier on Monday, February 20, the news broke out that Hong Kong could allow retail players to trade big cryptocurrencies like Bitcoin and Ethereum ahead this year. A few hours later, crypto exchange Huobi announced that it is seeking a license to start a local exchange in Hong Kong. As Hong Kong makes the push to reestablish itself as the crypto hub in Asia, questions are arising about whether Beijing is quietly backing this move. Over the past few months, China’s Liaison Office representatives have been guests at Hong Kong’s crypto gatherings. (coingape)

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