Share this article

Hong Kong’s National Security Law Could Threaten Local Crypto Brokerages

The U.S. sanctions on financial institutions in Hong Kong could put the city’s growing crypto brokerage businesses in jeopardy.

Major Hong Kong-based crypto companies will face new challenges in settling cross-border transactions if U.S. sanctions in response to the national security law restrict or ban their access to the U.S. dollar system. (Jimmy Siu/Shutterstock)
Major Hong Kong-based crypto companies will face new challenges in settling cross-border transactions if U.S. sanctions in response to the national security law restrict or ban their access to the U.S. dollar system. (Jimmy Siu/Shutterstock)