2023-05-30 08:06:11

Will the recent Chinese narrative bring new opportunities to the crypto market?

1. Hong Kong, China will allow retail investors to trade cryptocurrencies on June 1, and more exchanges will open the Hong Kong station;
2. It is said that Beijing is drafting the "Beijing Web3.0 Innovation and Development White Paper";
3. Karen Mok wore costumes with #cryptopunk printed on Mango TV's "Sounds of Endless";
4. Memecoin #FLOKI 2023 World Table Tennis Championships advertising sponsorship, appearing on the sideline advertising column.
Why pay attention to the Chinese encryption market?
China used to be the largest #Bitcoin mining farm and one of the largest encryption trading markets in the world, which has a huge impact on the market.
However, after two regulatory upgrades, the encryption market has mainly turned to the West, Southeast Asia and other regions.
Now Web3, the encryption market has rekindled a spark in China, which may be of great significance to the market recovery.
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