Report: Hong Kong Banks Should Explore Blockchain Tech Despite Regulatory Hurdles

By Timothy Sohn Dec 27, 2016 6:24 AM EDT

(Cryptocoins News) – The FinTech market, particularly with blockchain technologies, is expected to flourish in Hong Kong in 2017 due to increased cooperation between Fintech and financial services firms, a KPMG report has claimed. In its “Hong Kong Banking Outlook 2017” report, the services giant cites soaring investment in the Fintech sector leading to the “rapid” development of the Fintech industry in Hong Kong.

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