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I hereby offer an invitation to welcome all global virtual asset trading operators including @coinbase to come to HK for application of official trading platforms and further development plans. Please feel free to approach me and I am happy to provide any assistance. pic.twitter.com/bcIi1IjMlc
— Johnny Ng 吴杰庄 (@Johnny_nkc) June 10, 2023
The Chinese coming to the rescue again!
Chinese are saving the world!
RT:
Cryptocurrency exchanges, which have recently come under intense scrutiny globally, could gain broad support in Hong Kong, a member of the Chinese territory’s Legislative Council wrote on Saturday in a Twitter post.
Johnny Ng invited Coinbase and other crypto exchanges to establish operations in Hong Kong, and even hinted at potential stock listing opportunities.
“I hereby offer an invitation to welcome all global virtual asset trading operators including Coinbase to come to HK for application of official trading platforms and further development plans,” the legislator wrote. “Please feel free to approach me and I am happy to provide any assistance.”
The proposal came days after lawsuits were filed against two major cryptocurrency exchanges – Binance and Coinbase – by the US Securities and Exchange Commission. The crackdown is the latest in a wave of drastic steps by the SEC, which has levied fines and other penalties against crypto-lending firms, following the collapse of FTX, one of the largest crypto exchanges, in November last year.
…
In contrast to the cautious stance toward digital currencies around the world, Hong Kong has taken a more enthusiastic approach. Earlier this year, Hong Kong Financial Secretary Paul Chan announced ambitions plans to turn the region into a crypto hub despite the industry crisis, saying it was open to collaboration with crypto and fintech startups in 2023.
The region’s authorities have since come up with new regulations and compliance measures to encourage a major expansion of the cryptocurrency industry.
I’ve been saying for a long time that China should be fully backing crypto as a way to further undermine the blood-sucking global Jewish financial system. It is very logical to do this through Hong Kong, which is open, instead of through China proper, which is harder for foreign companies to operate in.
I see no reason this should not work.
Of course, Americans can still be blocked from accessing the sites, as they were with Binance before Binance.US.
It turns out, Binance.US was a very bad idea, as that is the in for the SEC to attack them.
Americans probably are not even aware, but virtually no bank on earth will allow you to open a bank account with a US passport, because the US goes all around the world trying to enforce a lunatic system of surveillance against its own citizens.
Freest country ever, by the way.
It’s just that in American freedom values, it is who we are to monitor and control everyone’s behavior, and to force things on them against their will.
