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Zenger
Zenger
Business
Murtuza Merchant

Hong Kong Banks Looking To Be The Leader In Cryptocurrency Moving To Virtual Assets

A store displays cryptocurrency electronic cash Bitcoin (BTC, BCH) logo at its store in Hong Kong. BUDRUL CHUKRUT/BENZINGA

Hong Kong is encouraging banks to cater to the needs of licensed virtual-asset firms — a move that highlights the city’s ambition to establish itself as a leading cryptocurrency center.

Meanwhile, in the U.S., banks are tightening restrictions on the digital-asset sector.

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