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Hong Kong crypto ‘Super Bowl’ eyes positives in bitcoin woes, Beijing rules

Hong Kong crypto ‘Super Bowl’ eyes positives in bitcoin woes, Beijing rules

City’s top officials vow to move ahead with stablecoin licenses next month

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Bitcoin has suffered one of its worst sell-offs in recent weeks, overshadowing a premier Hong Kong crypto event and the city’s drive to become a hub for the industry. © Reuters

LORRETTA CHEN

HONG KONG — Cryptocurrency luminaries attending the “Super Bowl” of the industry in Hong Kong this week were at pains to present a positive outlook as the sector grapples with plunging bitcoin prices and China pushes stricter rules.

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