Hong Kong approves these companies to issue stablecoins, so if mainlanders use U to exchange for these stablecoins, isn't it a disguised way to open up the mainland's cryptocurrency market? After all, exchanges are not allowed in the mainland, but mainland laws protect virtual assets, and mainlanders' personal holdings of cryptocurrencies are protected by law. If mainlanders exchange their BTC for Hong Kong stablecoins, Hong Kong stablecoins must be legally exchangeable for Hong Kong dollars, and it is also very convenient to bring them back to the mainland. I don't know what will happen next. It seems that the rumors that the mainland will open up the cryptocurrency market are not groundless.
Trump said that he fully supported cryptocurrency when he came to power, because if he didn't do this, Dongda would control cryptocurrency.
If Dongda didn't want to engage in cryptocurrency at all, why did Trump say this? What level of person is Trump? Would his inside information be worse than some people?
If Dongda didn't want to do it, why did it do a pilot in Hong Kong? Why did it gradually open up, and even approve Hong Kong's pilot to issue licenses to companies to allow them to issue stablecoins?
Welfare👇