June 1st, 2023: China will 'allow' Hong Kong to Invest, Sell, Buy & Trade Cryptocurrencies! 🤑

Hong Kong said that on June 1st, 2023 retail investors can openly trade crypto under its new rulebook for the sector, stepping up a drive to develop a digital-asset hub even as the industry and regulators clash elsewhere in Asia.

But there is a catch; only a dozen or so Cryptocurrencies are allowed for the moment, Bitcoin, Litecoin, Cardano and Ethereum, most notably.

In the past, when China has permitted a market in Hong Kong it has lead to a massive Bull Run on those particular Products or Stocks given that Hong Kong has one of the top 10 economies in the world.

Annabelle Droulers reports on Bloomberg Television.

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