🇹🇷 In the cryptocurrency world, Hong Kong brings new vitality to East Asia! 📈 According to the Chainalysis report, $64 billion worth of cryptocurrency transactions took place in Hong Kong between July 2022 and June 2023. 😮 This is quite impressive compared to the $864 billion transaction volume of Hong Kong, whose population is only 0.5% of mainland China, during the same period. 🌟
- The main driver of increasing trading volume in Hong Kong is the active OTC (over-the-counter) market.
- It is thought that the increasingly closer relations between mainland China and Hong Kong, and Hong Kong's rising position in the cryptocurrency field, may indicate a change in the Chinese government's policy on digital assets.
- What does Hong Kong's growing importance in the cryptocurrency industry mean for the cryptocurrency future in mainland China? Responding to these questions, the founders of two Hong Kong-based OTC companies, Merton Lam of Crypto HK and Dave Chapman of OSL Digital Securities, expressed their views.
Hong Kong's rise in cryptocurrency could lead to exciting changes in the industry. However, it is too early to say what these developments mean for China as a whole. 🧐
- The main driver of increasing trading volume in Hong Kong is the active OTC (over-the-counter) market.
- It is thought that the increasingly closer relations between mainland China and Hong Kong, and Hong Kong's rising position in the cryptocurrency field, may indicate a change in the Chinese government's policy on digital assets.
- What does Hong Kong's growing importance in the cryptocurrency industry mean for the cryptocurrency future in mainland China? Responding to these questions, the founders of two Hong Kong-based OTC companies, Merton Lam of Crypto HK and Dave Chapman of OSL Digital Securities, expressed their views.
Hong Kong's rise in cryptocurrency could lead to exciting changes in the industry. However, it is too early to say what these developments mean for China as a whole. 🧐