The Wild West of cryptocurrencies is coming to an end. Mainland China has already outlawed their trading and mining. Many other countries are following suit or at least planning tough regulations. Hong Kong, too, is introducing new rules and regulations through the Legislative Council, such as licensing exchanges and traders to deal with such currencies. It is expected a bill being prepared for the Legislative Council will bar retail investors from trading such currencies. It is about time. As if to underscore how risky such so-called investments are, American authorities have recovered a record sum of more than 94,000 bitcoin…