Hong Kong market to might benefit from China’s stricter bitcoin regulations

Hong Kong Regulation
Maciek Klimowicz
Written by Maciek Klimowicz

Leonhard Weese, the President of the Bitcoin Association Hong Kong, predicts that China getting tougher on cryptocurrencies might make Hong Kong’s market stronger.

Weese made these claims during an interview with the South China Morning Post after China officially ordered a shut down of the country’s cryptocurrency exchanges and trading platforms.

In the light of the development in China, Weese noted that “People in China will be more careful about marketing these events, and a lot of that marketing activity will come to Hong Kong in the form of conferences and communities,”.

Hong Kong’s regulations on cryptocurrencies are some of the friendliest in the region, though its exchange markets are yet to show the same dynamic growth as those of Japan, South Korea or China.

 

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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