There has been detected of the crypto policy changed in Hong Kong.
Huobi global exchange that lists STEEM applied an exchange license in Hong Kong regulatory authority.
Hence, it seems that Huobi Hong Kong will be launched. Hereafter, not only institutional investors but also Chinese retail investors will be participating in the crypto market. It's a very good news for it 🥳
If Huobi global is approved by the Hong Kong regulatory authority, Huobi Hong Kong might be sharing the STEEM pair with Huobi global, hence tons of yuan would be flowed in the market.
I've heard China has the surplus savings that is around 800 billions dollars. I think if the Chinese regulatoey authority approves the crypto investment, this will affect not only the inflation but also assets such as stocks, cryptocurrencies and real estates, etc.
I think it is an excellent new. This would greatly contribute to increasing the value of the STEEM token and considering Huobi's long history, the adoption of STEEM in Hong Kong would undoubtedly be a remarkable and powerful event. I have always trusted that Huobi is capable of detonating the market for a specific coin, since I have been using Huobi I have the feeling of solid investments and future projection of cryptocurrency in general. Thanks for sharing this info @happycapital, full support.
Upvoted! Thank you for supporting witness @jswit.
Your post has been rewarded by the Seven Team.
Support partner witnesses
We are the hope!
This would be great news for the crypto markets and also for STEEM as well!