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It's June 1st: Hong Kong Crypto Ban is GONE! New BULL RUN Incoming?! 🤑🐂💨
Today the ban on Hong Kong buying, selling and trading cryptocurrencies like Bitcoin has ended. But do not expect a rally on day one, or week one, or even month one. There is still a lot of red tape investors need to sift through, and as of today there are no registered exchanges in Hong Kong. Give it time to settle in. After all, this is really a testing ground for China. If it goes well, China will likely reverse their ban on buying, selling and mining cryptocurrency. In the long run, this will be huge for the crypto market.
- TIMESTAMPS -
00:00 - Intro
00:36 - Hong Kong Crypto Adoption
04:12 - Retail Crypto Regulations
08:09 - Which Cryptos Could Benefit?
11:57 - The Bearish Scenario
15:29 - The Bullish Scenario
19:56 - Outro
⛓️ 🔗 Useful Links 🔗 ⛓️
► Hong Kong Bans Retail Crypto Trading: https://www.scmp.com/business/banking-finance/article/3108240/hong-kong-plans-ban-retail-trading-digital-currencies-and
► Hong Kong Retail Crypto Regulations: https://www.bloomberg.com/news/articles/2023-05-23/hong-kong-to-step-up-push-for-crypto-hub-in-contrast-with-clampdowns-in-asia
► Hong Kong Retail Cryptos For Trading: https://twitter.com/WuBlockchain/status/1660940152016113665
► Bitzlato Targeted by DOJ, Based in Hong Kong: https://www.coindesk.com/policy/2023/01/18/us-disrupts-bizlato-crypto-exchange-arrests-founder/
► China Testing Crypto In Hong Kong: https://decrypt.co/142032/new-crypto-rules-suggest-hong-kong-is-testing-ground-china-say-experts
📺Essential Videos📺
Crypto Bull Market Countries 👉 https://www.youtube.com/watch?v=ForHcl28YSA
FATF Crypto Recommendations 👉 https://www.youtube.com/watch?v=nFSOfkalDK4
BRICS Currency Coming Soon 👉 https://www.youtube.com/watch?v=7IeqSwoTUJU
CBDC Development Updates 👉 https://www.youtube.com/watch?v=-yPcZ_vuFgo
Original Video by Coin Bureau: https://www.youtube.com/watch?v=om6qeMH4bvk
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