📊 Hong Kong's thriving over-the-counter (OTC) crypto market saw $64 billion in volume last year, not far behind China's $86.4 billion, despite its smaller population and the global crypto downturn. According to a Chainalysis report, this could indicate Beijing's growing tolerance towards crypto. Hong Kong leads in large institutional crypto transactions in Asia, with 46.8% of its annual trades exceeding $10 million. In contrast, South Korea relies on retail trading, while Japan balances centralized exchanges with DeFi protocols. Could this signal a shift in China's stance on digital assets? Share your thoughts below! 💭