Hong Kong’s crypto-friendly policy could mean the Chinese government is becoming more open to crypto initiatives, Chainalysis said.
Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank ChaparroHong Kong’s crypto-friendly policy could mean the Chinese government is becoming more open to crypto initiatives, Chainalysis said in a new report.Learn more about Access Protocol
“The increasingly close relationship between China and Hong Kong leads some to speculate that Hong Kong's growing status as a crypto hub may signal that the Chinese government is reversing course on digital assets, or at least becoming more open to crypto initiatives,” the crypto analytics firm said in a
“[Hong Kong’s figure] is not far behind China’s $86.4 billion received during the same time period, despite Hong Kong having a population 0.5% the size of mainland China’s,” the report said.