Is Hong Kong floating or can the exchanges no longer hold DAO?

Hong Kong has set strict conditions for applicants for virtual asset trading platform licenses, requiring them to sign a letter of commitment, promising that they cannot have mainland Chinese users in any region. This policy has caused a large number of exchanges such as OK BN to be unable to meet the requirements and withdraw their applications for Hong Kong licenses.

This policy undoubtedly poses a considerable challenge to whether Hong Kong's cryptocurrency can continue. Due to the inability to have mainland Chinese users, these exchanges may lose a large number of potential customers and trading volume, which will have a significant impact on their business.

However, on the other hand, this policy also helps maintain market order and protect the rights and interests of investors. By restricting exchanges from having mainland Chinese users, risks and uncertainties in cross-border transactions can be reduced, and criminals can be prevented from using virtual assets for money laundering, fraud and other illegal activities.

Therefore, for the future of Hong Kong's cryptocurrency, many factors need to be considered comprehensively. #内容挖矿 #meme板块关注热点 #BTC走势分析