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加密城市 Crypto City
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The People's Bank of China is concerned about cryptocurrency regulation! It specifies Hong Kong's licensing system, but the mainland is still banning trading
The People's Bank of China (central bank) recently released the (China Financial Stability Report (2024)), which focuses on the regulatory dynamics of cryptocurrencies in various countries, and specifically mentions that Hong Kong is 'actively exploring' a cryptocurrency licensing system. This stands in stark contrast to the stringent policies of the Chinese authorities that fully prohibit cryptocurrency trading, highlighting the policy divide between China and Hong Kong regarding cryptocurrency regulation.
The (China Financial Stability Report (2024)) released on December 28 mentions that, given the potential spillover risks of cryptocurrency assets to the stability of the financial system, regulatory authorities in various countries are continuously strengthening their regulatory efforts regarding cryptocurrency assets. Currently, 51 jurisdictions worldwide have implemented bans or restrictions on cryptocurrency assets, and some economies have adjusted existing laws or re-legislated regulations.
The (China Financial Stability Report (2024)) released on December 28 mentions that, given the potential spillover risks of cryptocurrency assets to the stability of the financial system, regulatory authorities in various countries are continuously strengthening their regulatory efforts regarding cryptocurrency assets. Currently, 51 jurisdictions worldwide have implemented bans or restrictions on cryptocurrency assets, and some economies have adjusted existing laws or re-legislated regulations.
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