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In Depth: Are Hong Kong’s Crypto Licenses Worth It?

By Liu Ran and Wang Xiaoqing
2025年05月21日 19:48
The city aims to become a global digital asset hub — but with Chinese mainland users off limits and high compliance costs, some question the licenses’ commercial upside

As Hong Kong positions itself as a global crypto hub, a key question lingers: Are the city’s crypto exchange licenses actually worth it?

Tight compliance requirements and a ban on serving Chinese mainland users have limited the commercial upside for license holders, some industry insiders say.

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