Hongkong to debut Asia's first crypto-centric index

[Bobcrypto]

and I understand well that this is where Chinese can really excel. Good thing to see Hong Kong allowed by the mainland China to be the door for cryptocurrency to enter and flourish.

yeah it is really such a shame that china decided to cut what seems to have been a very successful adoption of crypto in their country back then who knows what they could have done now if they kept their progress up but i would not put it past them to go back on their decision and reverse it

if they don’t reevaluate their take on crypto i wonder how it will work if hongkng inevitably has to go back to being owned by china i know that’s still a long time coming but i am sure many would be curious as well

China is playing politics with everything about cryptocurrency with it native fiat, the Yuan. In my opinion, I think China believes that yuan could the dominant fiat currency against fiats like the US dollar and cryptocurrency there by banning everything related to cryptocurrency plus mining activities.
It may be counter productive for China to lift its ban or reverse it earlier decision on crypto at the current political game with certain countries on BRICS agenda and the ideal of pulling out of the US dollar dominance for international transactions.
I think it may be added an advantage for China and the crypto community if China makes a uturn on its earlier decisions on crypto

[bitterguy28]

China is playing politics with everything about cryptocurrency with it native fiat, the Yuan. In my opinion, I think China believes that yuan could the dominant fiat currency against fiats like the US dollar and cryptocurrency there by banning everything related to cryptocurrency plus mining activities.

all governments from different countries are hoping that their currency will be the one to replace the usd but until now usd is still the most dominant one the difference between us and china is that they both want to push their currency forward but us is the one using bitcoin for their benefit while china may be getting left behind

It may be counter productive for China to lift its ban or reverse it earlier decision on crypto at the current political game with certain countries on BRICS agenda and the ideal of pulling out of the US dollar dominance for international transactions.
I think it may be added an advantage for China and the crypto community if China makes a uturn on its earlier decisions on crypto

look at russia they seem to be reversing on their decision about crypto if they decide that they will start using crypto too i wonder what will be china's answer to two of the biggest countries start using bitcoin

[Bobcrypto]

That's a great milestone for Hongkong, China should take a cue on HongKong adoption; if only they will have the same policy of HongKong, Cryptocurrency's adoption will be in a better phase, This is the reason why HongKong is considered to be one of world's financial hub because of their free trade policy.
There will be a lot of more great things that's going to happen here in HongKong so HongKong will be one of the most followed countries when it comes to anything related Cryptocurrency.

Yeah, Hong Kong is doing great, they have been vocal about cryptocurrency and it's benefits. I am confident that cryptocurrency adoptions will be very high in that area, it is going be a massive developments, and a potential price increase in 2025.
Hong Kong has shown that they are willing to be part of the crypto community.
China is trying to measure their economic growth with the rest of the world, by trying to prove that the yuan is a strong currency that can't be ignored, while Bitcoin is currently making huge impact on the world economy. let watch out how this game will play out in near future.

[bitterguy28]

Yeah, Hong Kong is doing great, they have been vocal about cryptocurrency and it's benefits. I am confident that cryptocurrency adoptions will be very high in that area, it is going be a massive developments, and a potential price increase in 2025.

aside from us, hongkong might be one of the biggest countries to adopt and push bitcoin el salvador is part of the list of course but if we consider the influence of each country us and hongkong would surpass el salvador therefore their adoption of bitcoin means a lot more for the global scene

Hong Kong has shown that they are willing to be part of the crypto community.
China is trying to measure their economic growth with the rest of the world, by trying to prove that the yuan is a strong currency that can't be ignored, while Bitcoin is currently making huge impact on the world economy. let watch out how this game will play out in near future.

some are evcn theorizing that china is testing out bitcoin through hong kong since they have some power over hongkong and would have hongkong part of their country officially in a few years but i think this could all be hongkong's decision to adopt bitcoin