Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank ChaparroHong Kong’s crypto-friendly policy could mean the Chinese government is becoming more open to crypto initiatives, Chainalysis said in a new report.Learn more about Access Protocol
“The increasingly close relationship between China and Hong Kong leads some to speculate that Hong Kong's growing status as a crypto hub may signal that the Chinese government is reversing course on digital assets, or at least becoming more open to crypto initiatives,” the crypto analytics firm said in a
“[Hong Kong’s figure] is not far behind China’s $86.4 billion received during the same time period, despite Hong Kong having a population 0.5% the size of mainland China’s,” the report said.