The price of bitcoin soars to historic highs, hitting US$24,000 on Wednesday after tripling this year. Photo: Getty Images
New anti-money-laundering regulations should exclude Hong Kong’s bitcoin ATMs to sustain innovation, says industry body
- The government’s proposal to regulate cryptocurrency exchanges could leave ATMs as one of the last remaining avenues for retail investing
- Stricter oversight of bitcoin has created uncertainties for start-ups and their blockchain-related investments, says Leo Weese, co-founder of the Bitcoin Association of Hong Kong
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Bitcoin
The price of bitcoin soars to historic highs, hitting US$24,000 on Wednesday after tripling this year. Photo: Getty Images