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**Just In 🚨**: Chainalysis, a blockchain analysis company, has reported that mainland Chinese cryptocurrency trading could potentially become more active through Hong Kong's active over-the-counter (OTC) trading. The report highlights that from July of the previous year to June of this year, Hong Kong's cryptocurrency trading volume reached $64 billion, ranking it fifth in East Asia. The majority of these transactions occurred in the OTC market. The report suggests that China is also actively engaged in over-the-counter cryptocurrency transactions. Therefore, Hong Kong's cryptocurrency-friendly policy can be seen as a positive indication of a potential shift in China's cryptocurrency policy, according to Chainalysis. #Chainalysis #CryptocurrencyTrading #OTCMarket #CryptoPolicy #HongKong
**Just In 🚨**: Chainalysis, a blockchain analysis company, has reported that mainland Chinese cryptocurrency trading could potentially become more active through Hong Kong's active over-the-counter (OTC) trading. The report highlights that from July of the previous year to June of this year, Hong Kong's cryptocurrency trading volume reached $64 billion, ranking it fifth in East Asia. The majority of these transactions occurred in the OTC market. The report suggests that China is also actively engaged in over-the-counter cryptocurrency transactions. Therefore, Hong Kong's cryptocurrency-friendly policy can be seen as a positive indication of a potential shift in China's cryptocurrency policy, according to Chainalysis. #Chainalysis #CryptocurrencyTrading #OTCMarket #CryptoPolicy #HongKong
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