When the trend is irreversible, no matter what kind of organization it is, it can only follow the trend, follow the development of technology, and adapt to the needs of the times, just like the popularization of the Internet, which is unstoppable.
Recently, Hong Kong Legislative Council member Wu Jiezhuang proposed the launch of "Digital Pass", which aims to open a special channel to allow mainland investors to buy and sell Hong Kong-recognized digital assets Bitcoin and ETH.
This will further enrich the connotation of connectivity between the Mainland and Hong Kong, and will also be conducive to financial innovation and the cultivation of new quality productivity.
These proposals are intended to enrich the connotation of interconnection between the two places and serve the needs of the country. Specifically, the "Digital Connect" will provide a platform for mainland investors to participate in cryptocurrency transactions in compliance with Hong Kong regulations.
If such a plan is implemented, it could further promote Hong Kong’s status as an international financial center and establish a new bridge between mainland China and the global crypto market.
Just think about it, Hong Kong is now strongly supporting blockchain and cryptocurrency, but what about the users? Hong Kong has a total population of only over 7 million, so how many of them are aware of holding cryptocurrencies?
Without mainland users, how can Hong Kong become the financial center of Asia? I think Digital Link’s compromise solution may be feasible. That is to say, if you want to legally deposit and withdraw money to purchase Bitcoin, you need to become a user of an exchange recognized by Hong Kong, rather than through Binance EURET. In this way, foreign exchange is relatively controllable.
Most of the time it is difficult to ban things that are in demand, especially when they are popular throughout Western countries and are in circulation. In addition, after Trump takes office, he is likely to promote Bitcoin as a strategic reserve. Then the whole of Europe may follow suit. Should we follow or not then?
However, the current situation is actually the best. If everyone can buy it conveniently, is there still room for improvement? What opportunities do we have?
Most of the time, the following are true:
Anything that encourages you to do has holes that you need to fill.
Anything that is forbidden for you to do is profitable but they don't want to share it with you.
Whatever makes you pay the price, means you are the price
If you are asked to consider the overall situation, you are not in this situation.
