Hong Kong Opening Up to Crypto as China FDI Plunges

in crypto •  2 years ago 

China’s FDI decline: Why are foreign companies decreasing their dependency on Asian giant?
FDI into China is declining as companies decrease their dependency on the country amid geopolitics, rising costs and supply chain concerns.

hence

Speculation Intensifies Hong Kong Opening Up to Crypto as China FDI Plunges

but

Interactive Brokers Launches Crypto Trading For Professional Investors in Hong Kong

notice the caveat of "professional" investors. As we have seen with bankers, having money is no guarantee of brains; all it means is that you can lose a ton and walk away.

Eligible clients include individuals with over 8 million Hong Kong dollars (US$1 million) in investable assets and institutions with over 40 million Hong Kong dollars. CoinDesk

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  ·  2 years ago  ·  

Digital asset funds experience biggest weekly outflows on record
https://blog.coinshares.com/volume-122-digital-asset-fund-flows-weekly-report-b16ab04a518

Nice FUDista headline, but look at the numbers.
The stampede is largely from Canada and 3iQ.

Where are Asian countries?

  ·  2 years ago  ·  

"You can't stop blockchains!"
manic laughter