#币安将上市ACX、ORCA #加密沙皇 It was surprising for many to see that Bitcoin could be traded in Hong Kong, prompting questions: How is it possible that Bitcoin is strictly prohibited and regarded as illegal in Mainland China, making it impossible to buy and sell, yet it works in Hong Kong?

The situation in Hong Kong is quite special. The Hong Kong Securities and Futures Commission and other regulatory bodies have been exploring a regulatory path that aligns with local development, aiming to find a balance between financial innovation and investor protection. It is not a laissez-faire style of 'free trading,' but an attempt to incorporate virtual currency trading into a regulated framework to reduce potential financial risks.

Take Meitu Inc. as an example. According to reports, it sold off its holdings in cryptocurrencies in Hong Kong, liquidating 31,000 units of Ethereum and 940 Bitcoins, yielding a substantial profit of 79.63 million USD after deducting costs. While the apparent profits look impressive, don't be misled; the cryptocurrency market can be considered a 'crazy gamble,' with price trends being erratic and influenced by a multitude of factors like global situations, policy directions, and public sentiment. In the future, Hong Kong's regulatory rules may also be dynamically adjusted due to changing circumstances.

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