China's Crypto Mining Ban Was 'Very Unwise,' Says Hong Kong Academic
Portfolio Pulse from Murtuza Merchant
Wang Yang, Vice President of HKUST, criticized China's ban on cryptocurrency mining, calling it a missed opportunity that has benefited the U.S. with $4 billion in tax revenue. He suggested alternative solutions and highlighted the need for Hong Kong to play a more proactive role in the digital asset ecosystem.
June 27, 2024 | 1:53 pm
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Wang Yang criticized China's ban on crypto mining, suggesting it has benefited the U.S. and highlighting the need for Hong Kong to be more proactive in digital assets.
Wang's comments could lead to a more favorable view of Bitcoin and other cryptocurrencies in Hong Kong, potentially driving up interest and investment in BTC.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80