Hong Kong's new crypto funds struggle to clear licensing hurdles
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HONG KONG (Reuters) - A year after Hong Kong launched a pioneering scheme allowing fund managers to invest in cryptocurrency assets, barely any players have been approved, highlighting the difficulties the industry faces in its bid to become mainstream.Market watchdogs globally are debating how and whether they should regulate the cryptocurrency industry and have mostly focussed on protecting investors from the scams based on digital assets.The licences introduced by Hong Kong's Securities and..