One day of foreign exchange control cannot be relaxed in one day

Let's talk about legal issues

Is it legal for mainland residents to invest in cryptocurrencies in Hong Kong or Singapore?

It used to be a gray area, but it may soon be clearly prohibited by law.

At the very least, it is explicitly stated that foreign exchange cannot be used to buy houses, trade stocks, or speculate in cryptocurrencies.

Cryptocurrency is gradually becoming legal and compliant in the United States, and it is necessary to adopt a more lenient approach in mainland China rather than a restrictive one.

For mainland residents with stock accounts, it is entirely feasible to conduct compliant cryptocurrency investments on exchanges in Hong Kong.

I hope that insightful individuals will propose suggestions at this year's National People's Congress and Chinese People's Political Consultative Conference.