Is the Chinese crypto market bouncing back?
Hong Kong plans to legalize cryptocurrency and related transactions on June 1st, 2023. In addition, the country will launch a stablecoin pegged to the offshore Chinese yuan.
It looks like America and Europe risk losing their status as financial crypto hubs, with regulators' ill-conceived actions. But China seems to quickly capture that share of the market.
Justin Sun said that the next bull cycle in 2023-2024 will be backed by Chinese money! Looks like he was right.
Justin Sun said that the next bull cycle in 2023-2024 will be backed by Chinese money! Looks like he was right.
