This could be a sea-change. Chinese TV reported on the adoption of cryptocurrency in Hong Kong. CCTV has an audience of over 1 billion in West Taiwan (aka, mainland China).
The segment, which was just over a minute long, showed Hong Kong regulators to “have made final preparations” for virtual asset trading in the special administrative region.
Titled “Hong Kong Securities Regulatory Commission”, it was about the implementation of a mandatory licensing system for virtual asset trading platforms which will be allowed from June 1. If China is lightening up on crypto, and Bitcoin is set to halve in less than 12 months, we could be watching the beginning of another bull market.
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