In a recent turn of events, China’s state-backed media outlet, CCTV, aired a video discussing cryptocurrency, which was subsequently taken down. 🕵️♂️
#BTC #cryptocurrency #ckb if you are not buying now, what are you waiting for? China official news network is pushing crypto in Hong Kong.
— apltang.bit (@apltang) May 24, 2023
It even caught CZ’s attention:
CCTV (China Central Television) just broadcasted crypto. It's a big deal. The Chinese speaking communities are buzzing. Historically, coverages like these led to bull runs.
Not saying past predicts the future. And not financial advice.https://t.co/2wcArnPI93
— CZ 🔶 Binance (@cz_binance) May 24, 2023
Most of the excitement and hoopla is tied to Hong Kong’s recent announcement permitting licensed virtual asset platforms to offer services to retail traders.
However, the Securities and Futures Commission has not yet greenlit any crypto platforms to provide these services. CZ’s emphasis on the importance of CCTV discussing cryptocurrency stems from China’s complete ban on cryptocurrency activities in 2021.
With Hong Kong—a special administrative region of China—showing positive developments towards cryptocurrency, speculation about China’s stance on crypto has been reignited. 👀