Richard Li-Backed Venture Firm Flags Hong Kong Crypto Potential as US Clamps Down
- CMCC says US crypto curbs bring opportunity for other regions
- Blockchain-focused investor set to launch a $100 million fund
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CMCC Global, a venture capital company focused on blockchain technology, said the US digital-asset crackdown is opening up opportunities for Hong Kong as the city strives to become a crypto hub.
The US “is shooting themselves in the foot” and giving other regions a chance to woo innovative businesses, CMCC’s co-founder Charlie Morris said in a Bloomberg Television interview aired Tuesday.