ROLLUP: China Turns Bullish On Crypto | Celsius Bailout Plan
Bankless
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China's Crypto Conundrum: Policy Shifts and Market Impacts
This chapter explores the recent developments in China's approach to cryptocurrency, particularly focusing on Beijing's initiative to be a global digital economy hub and Hong Kong's new regulatory stance. It discusses the complexities surrounding China's fluctuating relationship with crypto assets, including the insolvency of Celsius Network and its implications for creditors. Additionally, the chapter analyzes the current crypto market conditions, comparing the ongoing bear market to past cycles and gathering insights from experienced investors.
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