According to the latest news, China would be more and more open to cryptocurrencies. Why Observers Say Xi Jingping’s Country Will Unfreeze These Assets by the end of the year ? Find the answers in this article!
China changes position
Little by little, China abandoned its repressive policy against cryptocurrencies. For the moment, it does not appear openly favorable to bitcoin, ethereum and others. The Middle Kingdom is leaning towards the relaxation of its ban started in 2021.
However, everything suggests that:
” China expected to unlock cryptocurrencies before the end of 2023. »
Added to this post shared by Crypto Bitcoin LFG media is a Twitter thread shared recently by influencer Keyur Rohit.
” China’s secret plan to fueling the crypto market with trillions of dollars is revealed. »
This would be a replica of US plan to shut down the cryptocurrency industry. The Biden administration has used all its might lately via its hand, the SEC.
” According to former Forbes billionaire Chamath Palihapitiya, China is ready to ‘inject trillions of dollars’ through massive quantitative easing. This could be a game-changer, as China’s economic stimulus package aims to inflate everything, including the crypto market. »
Hong Kong leads the dance with cryptos
Althoughunstable in his positions, the Hong Kong Monetary Authority had to backtrack on its recent assaults on bitcoin and other cryptocurrencies. Lately we got wind of theintegration of crypto-assets into the services allocated by the HSBC to its Hong Kong customers.
Of course, the financial giant’s offerings boil down to three crypto ETFs. But this is a nice step forward in the eyes of crypto-enthusiasts.
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