Shortly after the government announced its support for the new Metaverse platform, China Central Television (CCTV) also quickly broadcast about cryptocurrencies in Hong Kong. This made the Binance boss excited to share that “BTC is about to fly strong”.
On the evening of May 24, China Central Television (CCTV) reported on the application in Hong Kong. In the news, there was the appearance of a Bitcoin ATM and the option to buy this coin. In addition, the news also mentioned NFT.
Before this news, CZ was quite excited and stated that this is a big deal and, at the same time, will have a significant impact on the market.
It is known that Hong Kong will start allowing retail investors to trade cryptocurrencies from June 1. This is a big step for the special administrative region, helping to soften the mainland’s sentiment and pave the way for new capital to flow into the cryptocurrency market.
Earlier, the Hong Kong Securities and Derivatives Commission (SFC) announced that it had completed the public comment process on the Proposed Legal Framework for Virtual Asset Trading Platform Operators. licensed by the SFC. The majority of opinions support the plan to allow individual investors to participate in the cryptocurrency market. However, the SFC noted that it has not yet allowed any crypto companies to provide services to individual investors after June 1.
However, the reopening of Hong Kong to the cryptocurrency sector, despite China’s ban is a signal that the billion-people country is gradually changing its stance, but still maintaining a very strict regulatory standard. strict.