Circle Pays Close Attention to Hong Kong's Crypto Policies, CEO Allaire Says
According to Circle's CEO, Asia is a huge area of focus....
- Circle's CEO, Jeremy Allaire, sees Asia as an important region for the cryptocurrency industry.
- Circle is paying close attention to the regulatory developments in Hong Kong, which has recently allowed investors to trade cryptocurrency under a new regime.
- Hong Kong's positive approach towards cryptocurrency could signal that China might start warming up to the industry.
- HSBC, the largest domestic bank in Hong Kong, enabled clients to buy and sell Bitcoin and Ethereum exchange-traded funds and launched an educational program called the Virtual Asset Investor Education Centre.
The article has a positive sentiment towards the cryptocurrency industry in Asia, particularly in Hong Kong. It highlights the positive regulatory developments in Hong Kong and the support of HSBC towards cryptocurrency.