Hong Kong courts crypto industry as other governments crack down

Hong Kong courts crypto industry as other governments crack down

FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo

Times are tough in the global cryptocurrency business. Following a series of industry disasters capped by November’s collapse of Sam Bankman-Fried’s FTX exchange, regulators around the world have been cracking down on the sector.