At the moment it is is using HK for all cryptocurrency related activities. It has a simple strategy in my opinion. It is utilizing the benefits of US crack down on cryptocurrency through HK and safeguarding it's mainland retail investors. All major companies from the US have either moved or are under the process of moving to HK. Through HK it will start controlling the cryptocurrency market. I am sure it will make HK a global hub for all cryptocurrency businesses.
Yes dude. I agree with that. Allowing users to buy and sell crypto in Hong Kong, China can potentially capitalize on the US crackdown on cryptocurrency and attract major companies to move their operations to Hong Kong. This could indeed make Hong Kong a global hub for cryptocurrency businesses and give China significant influence over the market.
And China support for blockchain technology and NFTs is a positive sign, it remains to be seen how their approach to cryptocurrency regulation will evolve. I believe that China has the potential to become a leader in the cryptospace due to its support for blockchain technology, NFT trading platforms, and the strategic use of Hong Kong as a hub for cryptocurrency businesses.