"Why mainland China does not allow virtual trading platforms, but Hong Kong does?"

Now virtual currency can achieve asset transfer and foreign exchange control

Black money, money laundering

Giving bribes and taking bribes

illegal fund raising

Internet fraud

In view of the current stage of financial development in our country, A-shares are still t+1, and there are limits on the rise and fall. It is simply impossible to allow virtual currencies with amplitudes of tens or even hundreds of percent to be traded 24/7. legalization.

What's more, it will suck away the funds originally in the stock market or futures market, which is even more unacceptable.

The Hong Kong stock market itself is t+0.

Foreign exchange is also compliant.

Moreover, the Asian Financial Center was robbed last year due to the ban on virtual currencies, and now it must be opened back up.