The Future of Crypto Markets Will Be Driven by Developments in the East

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OPINION: China seems to approve of Hong Kong’s recent crypto-friendly moves. From a geopolitical and regulatory perspective, everything is about to get interesting, says NoelleInMadid.

that might end up being not so funny after all), a more benign battle is brewing in the halls of financial regulators. While local for now, nothing stays local for long in global markets. The potential ramifications go well beyond crypto markets, potentially shaping economic influence that, in this changing landscape, is more geostrategically important than ever.of its upcoming crypto regulation, slated to go into effect on June 1, and opened it up for public comment.

So far, this seems like yet another example of a jurisdiction way ahead of the United States in terms of regulatory clarity and willingness to engage with the public on the topic. Yet, lifting the lid a little, it is so much more. It is also an example of the East-West strategy divide, the power of retail and the importance of watching the flows.

Noelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.Not that long ago, Hong Kong was not exactly welcoming to crypto businesses, but nor was it overtly antagonistic. It seemed to regard them as largely inconsequential, in contrast to China’s building antagonism.

In part, it’s about laying some groundwork for the economic growth of the region. Hong Kong’s economy depends largely on financial services and tourism from the mainland, both of which were hit hard by the strict COVID-19 pandemic lockdowns. It

 

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NoelleInMadrid It's like 2 opposing sides there, China and their skepticism, HK and it's enthusiasm

NoelleInMadrid Bitcoin is currently pushing for a breakout above the 23k region if we do break $23.1k resistance level we could see $23.7k before the close of the week. Following macos_dea tweets and tips have given me broader knowledge on Crypto. Follow him. he knows more better about BTC

NoelleInMadrid Choyna will save us?

NoelleInMadrid Extreme caution of the $LQTY currency, I swear it will drop sharply to $1❌🚫📛⛔️🔻🔻

creating a Swiss for crypto

I love it when people use speculative words such as seems and might 😂

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