Hong Kong’s crypto hub plans win quiet backing from Beijing

The low-key support shows that officials are keen on using the laissez-faire city as a testing ground for digital assets as they keep a tight rein on any such activity on the mainland. — Bloomberg

HONG KONG: In October, Hong Kong rolled out the red carpet for crypto businesses to help revitalise the embattled financial hub.

Signs are now emerging that the push has under-the-radar backing from Beijing, providing impetus for mainland Chinese firms to return.