China is reportedly onboard with Hong Kong’s recent push to embrace crypto. Representatives from mainland China are closely following and reporting on the crypto developments in the island city. The island of Hong Kong seems to have the veiled approval of mainland China for its recent move to attract crypto investors to establish itself as […]
Representatives from mainland China are closely following and reporting on the crypto developments in the island city.for its recent move to attract crypto investors to establish itself as a crypto hub. Recent reports suggest that Beijing is onboard with the move, which has helped to encourage mainland Chinese firms to return to the city.Bloomberg
Local crypto operators have said that the officials’ presence at these events has helped to clear up any doubts about Beijing’s attitude toward Hong Kong’s efforts to become a crypto hub. The subtle support also shows that Chinese officials are interested in using the city as a testing ground for digital assets while keeping a tight rein on such activity on the mainland.
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