Former BitMEX CEO Urges Hong Kong and China to Soften Their Crypto Policy
According to the founder of BitMEX, Arthur Hayes, the return of digital currencies to the bullish zone is possible if the authorities of China and Hong Kong soften their policy towards this industry.
Hong Kong has already begun to change course. This metropolis wants to become one of the centers for the development of the blockchain industry.
If regulation here is comfortable for crypto companies and exchanges, then the volume of investment in digital assets through the Hong Kong jurisdiction will increase dramatically.
China should also become a softer state, and this will accelerate the return of the bullish trend.
The founder of BitMEX has added:
“The friendly cryptocurrency policy of Hong Kong will be an example for China. When China falls in love with cryptocurrency again, the market will again become bullish. It will be a slow process, but the first signs are already visible.”
