irrespective of what the Team USA SEC etc etc chooses to do w/r to crypto blockchain, and to the on- / off-ramps of same, even if 'they' should bomb the ramps as 'they' did the Chinese embassy in Serbia albeit not by balloons, approved-blockchains shall ALWAYS have on-/off-ramps in Freedom Rock Hong Kong as I in November 2022 Message 34081758 because it is <<of strategic import>>, and as Casper (CSPR) is traded by Huobi, we are on the right side of history.
HK leader's trip seems to have gone very well, in service of the returning sovereign, and the hosts of the Gulf region seem pleased, for once boots and loafers on the ground do not bring rain of bombs and shower of lectures. Wonderful.
All of below dots are connected ...
Recommendation: GetMoreGold
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bloomberg.com
Crypto Mogul Sun Says Huobi Betting China Will Warm to Digital Assets as Exchange Targets Hong Kong
Sun says Hong Kong viewed as an ‘experiment zone’ for crypto China largely banned crypto-sector activity over a year ago
Annabelle Droulers
10 February 2023 at 13:19 GMT+8
Digital-asset exchange Huobi plans to expand its operations in Hong Kong, betting the city’s pro-crypto pivot presages an easing of the ban on virtual coins in mainland China and hence smoother access to users there.
Hong Kong is seen as “as one of the experiment zones for crypto development in China,” Justin Sun, an adviser at Huobi who sets strategy for the firm, told Bloomberg TV in an interview on Friday. That’s “one of our biggest reasons to expand in Hong Kong,” he said.
Justin Sun.
Source: Bloomberg
He added Huobi’s key regions for business are Hong Kong, Malaysia and the Caribbean. Sun last year spent about $1 billion to purchase a roughly 60% stake in Huobi, Bloomberg News reported in November.
Hong Kong last quarter shifted policy by saying it wants to become a digital-asset hub, contrasting with tightening rules in Singapore in the wake of a crypto rout and blowups like the collapse of the FTX exchange.
Read more: Hong Kong Seeks to Revive Crypto Sector Roiled by FTX CrisisWhile the change in Hong Kong is happening under Beijing’s watchful gaze, the notion that China could loosen its more than one-year-old proscription of most things crypto remains highly contentious.
Sun, who is also the founder of Tron blockchain, said further steps will be taken to ensure Tron’s stablecoin USDD stays close to its US dollar peg after it steered lower following the TerraUSD stablecoin crisis in May and again during the FTX implosion late last year.
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