Bimain’s IPO Application in Doubt as Hong Kong Calls Crypto Industry ‘Immature’

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Bitmain, the largest manufacturer of bitcoin mining equipment, is experiencing something of a rough patch, as Hong Kong’s stock market overseers might be reluctant to approve the initial public offering (IPO) application of the company, given their stated concerns about the lack of a proper regulatory framework that can govern the cryptocurrency and blockchain industry.

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