China Don Begin Crypto Re-Entry with Stablecoins, Eye Bitcoin
China go enter crypto again go start wit stablecoins as di main financial setup, no just payment tool, na so Dr Xiao Feng, HashKey CEO talk. E dey expect say dem go do am step by step, first na tokenize real-world assets (RWA), then finally go like make Bitcoin popular, because di money matter for world dey hot.
Hong Kong get strong AML rules plus common law under di “One Country, Two Systems” law. Dis one put am for the top digital finance place for Asia. Dr Xiao talk say dem get two-layer system: decentralized protocols for transparency, centralized apps for quick work and to comply wit rules.
Market don grow from only digital-native to digital-twin assets. Exchanges wey regulated onshore go take place of offshore platforms, fit open trillions market for RWA trade. Better AML compliance plus blockchain wey clear for transactions go make market trust better and protect consumers.
China di plan well well and dey balance innovation with regulation as e reenter crypto. Traders suppose watch well for stablecoins development and Hong Kong regulation policies, cos dis ones fit set the ground for more Bitcoin money flow and bigger digital asset use.
Bullish
Dr Xiao Feng dem phased crypto strategy outline dey show clear road for new digital asset engagement for China. Starting with stablecoins to build on-chain liquidity and then move go RWA and Bitcoin mean say institution dey support am more. Similar infrastructure moves like US banks approval for stablecoins before don boost market confidence and price momentum. Hong Kong tight AML framework dey make the sector more legit, fit attract capital flows. For short term, stablecoin launches and regulatory clarity fit increase trading volume. Long term, onshore exchanges and RWA integration fit drive steady demand for Bitcoin and other digital assets. Overall, these developments likely go bring bullish vibe for crypto markets.