The abrupt collapse of major crypto exchange FTX has shaken the cryptocurrency markets across the world, but it will not hamper Hong Kong’s plans of establishing itself as a crypto hub, according to the city’s Financial Secretary, Paul Chan. 
A recent string of bankruptcies by a number of crypto businesses makes a case for enhanced transparency and tighter regulation within the industry, Chan wrote in a recent blog post, as reported by The South China Morning Post. …
Read More: Government Official: FTX Collapse Will Not Stop Hong Kong Becoming Virtual Asset Hub