Last December, bitcoin prices plummeted by nearly half, after Chinese authorities banned all financial institutions and payment processor companies in China from engaging in bitcoin-related business.

Across the border, Hong Kong stands in stark contrast. Amid the Hong Kong Monetary Authority’s declaration that bitcoins are a virtual commodity, business confidence and appetite for the new cryptocurrency has increased along with the framework that supports it.

The articles linked below looks at some of the factors around the difference in attitude towards bitcoins between the two neighbouring jurisdictions, and whether the atmosphere in Hong Kong is likely to lead to it becoming Asia’s bitcoin hub as well as the US perspective.

Please click here to read more. http://bit.ly/1pWJNeE

Please click here for a U.S. perspective on Bitcoin. http://bit.ly/1oglDoH