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Bankers ditch fat salaries to chase digital currency riches

Growing cohort of banking professionals are instead applying talents toward buying cryptocurrency

File photo of Bitcoin Romania CEO George Rotariu at a bitcoin ATM in Bucharest. A growing cohort of banking professionals are applying their talents toward buying or hawking cryptocurrencies such as bitcoins 	photo: reuters
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File photo of Bitcoin Romania CEO George Rotariu at a bitcoin ATM in Bucharest. A growing cohort of banking professionals are applying their talents toward buying or hawking cryptocurrencies such as bitcoins photo: reuters

Lulu Yilun Chen & Camila Russo | Bloomberg
Richard Liu gave up a seven-figure salary this month to get into one of the hottest financial instruments around right now: initial coin offerings. The former China Renaissance deal-maker has since backed a clutch of cryptocoin sales that have raised millions — sometimes in seconds — often without a single product.

From Hong Kong and Beijing to London, accomplished financiers are abandoning lucrative careers to plunge into the murky world of ICOs, a way to amass quick money by selling digital tokens to investors sans banks or regulators. Cut out of the action, a growing cohort of banking professionals are instead

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