Is Hong Kong a major crypto hub?

Hong Kong, despite its rich history in traditional finance, has shown a remarkable embrace of the digital asset revolution.

BTCC, a UK-based cryptocurrency exchange, offers a wide range of services to its clients, including spot trading, futures trading, and wallet solutions.

The city has positioned itself as a forerunner in the crypto world, aiming to become a major hub for cryptocurrency activities.

This ambition, however, could face scrutiny if several or some of the 18 applicants for a cryptocurrency license fail to meet the crucial deadline.

The license is a crucial step for these companies to legally operate in Hong Kong's crypto ecosystem, which is already attracting significant interest from global investors and entrepreneurs.