Sun thinks China is looking at Hong Kong as a kind of experiment, to see if crypto can be regulated on the mainland. If Hong Kong suceeds it could create a change of attitude in Beijing. “So that’s why they want to see Hong Kong do it first,” he said. “And then you see the result. If it has positive feedback, they might change the policy in mainland China as well.”
Related posts
-
$1 Million Bitcoin: Arthur Hayes Predicts Historic BTC Surge Amid Policy Changes
Arthur Hayes predicts bitcoin could hit $1 million, driven by Trump’s massive credit expansion policies, which... -
Ethereum Researcher Justin Drake Introduces ‘Beam Chain,’ a Total Redesign of the Network’s Consensus Layer
The Beam Chain would focus on Ethereum’s consensus layer, also called the Beacon Chain, which is... -
Wave of All-Time Highs Causes Trading Volume of Hong Kong Spot Bitcoin ETFs to Skyrocket
As bitcoin prices continue to reach new highs, the prices of related spot exchange-traded funds (ETFs)...