It is legal to trade #btc in the future!
You read it right. I can say with certainty and responsibility that it is legal for you to trade BTC in China in the future.
Why do I say that? Because three funds in Hong Kong have already applied for Bitcoin and Ethereum spot ETFs. If it is legal in Hong Kong, can it be understood as: legalization of transactions in China?
Evidence:
1. Tencent Finance in China has used a considerable amount of space to interpret this exclusive news in detail. Would you dare to do it before? In the future, more than 20 institutions in Hong Kong will apply for spot ETFs of Bitcoin, Ethereum and other currencies.
2. The Hong Kong Securities and Exchange Commission passed the Ethereum spot ETF much faster than the Americans.
3. Hong Kong took the lead in passing the Ethereum spot ETF, and also wanted to gradually regain its former financial status on another level. From last year's Hong Kong Web3.0 Conference to many cryptocurrency license applications and related bills this year, it can be seen how much it values it.
4. At the same time, the Shenzhen and Hong Kong Stock Exchanges reached a consensus on expanding the scope of the Shenzhen-Shanghai-Hong Kong Stock Connect ETFs, which means that in the future, large mainland funds can participate in BTC, ETH and other currencies through the Shenzhen-Shanghai-Hong Kong Stock Connect.
