Chinese state television deletes video (25.05.2023)

Chinese state media company CCTV released a video on May 24 about how authorities in Hong Kong will make bitcoin available to retail investors. This has sparked speculation about what impact this could have on the crypto market. The CEO from the largest crypto exchange Binance also commented on this post from CCTV as positive news. In the meantime, the video has been deleted again. A day before this video, the Securities and Exchange Commission in Hong Kong announced that it would now allow licensed service providers to provide access to retail investors. However, these trading platforms still need to be approved before retail investors can now invest in digital assets. How China's stance on digital assets will evolve remains to be seen, with the application for a trading license in Hong Kong by Chinese state-owned company 'Greenland' seen as constructive.(Source)

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