The Chinese Crypto Narrative

The recent development regarding Hong Kong's aspirations to become a hub for cryptocurrencies and the subtle support it has received from the Chinese government stands in contrast to the hard-line anti-crypto stance of the mainland. In October of last year, the Hong Kong government floated the idea of introducing its own bill to regulate crypto and permit retail investors to directly invest in virtual assets, which differs from China's crypto ban. According to individuals familiar with the matter, officials from Beijing have not strongly opposed this idea, and representatives from the China Liaison Office have reportedly been attending Hong Kong crypto gatherings to gain a better understand...View all