More evidence that Chinese nationals are still actively trading cryptocurrencies 19 months after the country's ban on the sector has surfaced.
In 2021, China unleashed the strictest crackdown yet on all forms of digital assets, which sent shockwaves across the digital assets industry.
Fast forward to 2023; however, there are hints that the government was beginning to reconsider its approach.
For context, consider that many indications and rumours have been that China is "reopening" in recent months.
By making it easier for traditional funds to access blockchain networks, Calastone is facilitating the convergence of these two financial ecosystems and paving the way for broader adoption of tokenized assets
This development is being closely watched by the cryptocurrency industry, as the SEC under Atkins' leadership is expected to play a crucial role in shaping the future regulatory landscape for digital assets in the United States.
The platform is now live on OSL in Hong Kong, positioning the company to capitalize on the city's status as a prominent global financial center and further its international expansion strategy.
Bitcoin and the broader crypto market showed surprising resilience even as U.S. equities plunged and over $2.8 trillion was wiped out from the stock market following Donald Trump’s announcement of sweeping new tariffs.
While traditional markets reacted sharply to global trade policy shifts, the cryptocurrency market demonstrated remarkable stability, buoyed by the significant and ongoing accumulation of Bitcoin by corporations signaling a strong belief in its future
By making it easier for traditional funds to access blockchain networks, Calastone is facilitating the convergence of these two financial ecosystems and paving the way for broader adoption of tokenized assets
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This development is being closely watched by the cryptocurrency industry, as the SEC under Atkins' leadership is expected to play a crucial role in shaping the future regulatory landscape for digital assets in the United States.
