From Kaiko Research via Zerohedge:
“On Monday, Hong Kong made its intentions clear to open the door to crypto trading for retail. Reports claim that China is quietly encouraging the move, using Hong Kong as a testing ground for what safe crypto trading might look like. The Hong Kong Securities and Futures Commission (SFC) outlined various caveats for retail investing in crypto, namely hinting at only having a small subset of the largest tokens available to trade.”
This is how a decentralised system is supposed to work. The value of the system is too great for countries not to step up and profit when others step back. It is no coincidence that this is happening after weeks (or maybe it’s months) of chatter about more crypto regulation in the USA following the collapse of FTX. The USA and the rest of the woke world are not overwhelmingly dominant anymore and cannot make the rest of the world follow their rules. Crime and crypto go hand in hand, but that is not a sufficient reason to believe it is worthless.
“Freedom and crime are linked as indivisibly as… well, as the motion of the aero and its speed: when its speed equals zero, it does not move; when man’s freedom equals zero, he commits no crimes. That is clear. The only means of ridding man of crime is ridding him of freedom.”
― Yevgeny Zamyatin, WE
Also FYI, piratebay is freely accessible in Australia. So much for the block.