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Hong Kong's crypto rules help it fit in more than stand out, but experts say that's good
Hong Kong's crypto rules help it fit in more than stand out, but experts say that's good

With its new cryptocurrency rules now in effect, Hong Kong's strategy to become a global virtual asset hub looks less like trying to stand out than trying to fit in. Under rules that went into effect this month, cryptocurrency exchanges serving or marketing to Hong Kong residents must be licensed in the city. While the city is courting crypto business, it is not alone in pushing to regulate a once-freewheeling industry in the wake of disasters like the collapse of FTX last year. Experts say the
Gemini’s Plan for Derivatives Exchange Adds to Crypto’s Flight From the US
Gemini’s Plan for Derivatives Exchange Adds to Crypto’s Flight From the US

(Bloomberg) -- Crypto businesses in the US are pursuing targeted international expansion amid a deepening regulatory crackdown at home.Most Read from BloombergBud Light Takes the Cowardly Way OutMacron’s Push to Get China’s Help on Ukraine Is UnravelingBitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000US Public Sours on a Biden-Trump Election Rematch in 2024The latest moves came from billionaire twins Tyler and Cameron Winklevoss’ Gemini Trust Co. The exchange last
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