FILE PHOTO: Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
Hong Kong’s drive to become a global hub for trading virtual assets (VAs) is attracting some Chinese mainland financial institutions to issue innovative blockchain-based digital financial products there, boosting the city’s profile while allowing Beijing’s regulators to observe their development and consider crafting policies for the onshore market.
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