cryptocurrency purchase
LGT Group has announced the cancellation of its plan to acquire cryptocurrency, which was valued at HKD 24 million. This decision reflects a significant shift in the company’s strategy regarding digital assets. The cancellation indicates a cautious approach to the evolving cryptocurrency market and its inherent risks. LGT Group’s move may also suggest a reassessment of its priorities amid changing market conditions. As financial institutions navigate the complexities of digital currencies, this decision could impact future developments in their investment strategies.
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