Hongkongers are among the world’s biggest investors in cryptocurrencies, Visa study says

About a third of Hong Kong residents have invested in, or used, cryptocurrency as a medium of exchange, the second-highest engagement with the new asset class among developed markets surveyed by credit card company Visa.Crypto or cryptocurrency is a digital or virtual currency secured by cryptography and is also used to buy products and services, but is not backed by a government authority, which potentially makes it a risky asset class.The study found that 18 per cent of Hongkongers are active…