Former UBS China president joins cryptocurrency firm Higgs Block as CEO

Cryptocurrency mining machines sit in operating racks at the home of Dmitry Gutov, a Russian cryptocurrency 'miner,' in Krasnogorsk, Russia, on Thursday, Sept. 7, 2017. Photographer: Andrey Rudakov/Bloomberg

Karen Chen, the former president of UBS China Ltd., has been appointed chief executive officer at a cryptocurrency firm Higgs Block Technology Pte. Ltd., joining other financial-industry veterans in jumping ship to the burgeoning technology.

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