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OTC crypto stores flood Hong Kong, but regulations may impact their presence

October 25, 2021
Source: newsrust.com newsrust.com
News Snapshot:
Hong Kong, one of the largest and most important financial centers in the world, has played an important role in the development of cryptocurrencies. For example, Chinese territory has spawned some of the most established and successful crypto companies to date, including the FTX crypto derivatives exchange, as well as the Crypto.com digital asset platform. Yet, with trillions of dollars traded regularly through Hong Kong-based crypto exchanges, the “Vertical City” also contains an abundance of physical over-the-counter crypto stores. Henri Arslanian, head of crypto at PwC and former chairman of the Fintech Association of Hong Kong, told Cointelegraph that the...
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