In today’s briefing:
- Crypto Weekly: Will Hong Kong Be the Macau of Crypto?
- Citigroup – Many Moving Parts and Confused Mexican Exit
Crypto Weekly: Will Hong Kong Be the Macau of Crypto?
- HKMA released a discussion paper on the regulation of stablecoins in Hong Kong which seems to suggest a divergence in regulatory approach towards crypto from China’s current stance
- China has historically allowed banned activities from the mainland to operate in a controlled environment such as gaming in Macau
- We explore the potential that HK is the perfect firewalled environment where crypto could be allowed to develop without contagion for the rest of China
Citigroup – Many Moving Parts and Confused Mexican Exit
- Weaker Result Across Almost All Geographic Segments – Led By Negative Jaws;
- Credit Modestly Weaker, Although Reserve Coverage Remains Strong. Watch For Credit Turn; and
- Progress On Asian Consumer Exits, But Sea Change In View On Mexico.
Before it’s here, it’s on Smartkarma
