Coronavirus Concerns Cause Another Crypto Event to Be Postponed
A crypto conference planned for Hong Kong in March is one of several postponed over concerns about the coronavirus outbreak.
Hong Kong may soon bolster its policing of the cryptocurrency sector to better conform with international anti-money laundering norms.
The exchange has opened a fiat gateway for Hong Kong dollars, serving a jurisdiction in which banking services for crypto firms are notoriously tough to find.
Before the recent protests, explaining bitcoin's value proposition to Hongkongers was tricky, says local resident Leo Weese. Now more people appreciate censorship resistance.
Fidelity International, a spin-off of the U.S. financial services giant Fidelity Investments, has invested $14 million in Hong Kong-based BC Group, which operates crypto exchange OSL.
Amber Group has raised $28 million in a Series A funding round led by Paradigm and Pantera Capital.