HashKey's Hong Kong IPO highlights crypto exchange challenges under Beijing's watchful eye

The initial public offering (IPO) of HashKey Holdings, operator of Hong Kong's largest cryptocurrency exchange, lays bare challenges faced by local platforms under Beijing's watchful eye, even though the listing itself was recognition of the growing influence of digital assets in the city, according to analysts. HashKey, established in Hong Kong in 2018, on Monday cleared its Hong Kong listing hearing after a confidential filing earlier this year, paving the way for an IPO that could raise up to US$300 mi ...