Therefore, the notion of a “Chinese” currency is still a little hazy. Neither of the given stimuli should be overstated: the true scope of “money printing” still remains to be known, and Hong Kong licencing will have no direct impact on retail consumers. That being said, there are a few things you should remember. “Chinese Polygon” CoinFlux (CFX) increased 140% in a few days, while OKB reached a new all-time high after the OKBChain launch was announced. It should be emphasised that the initial pumps of this exhilaration have already occurred. In addition, the introduction of a licencing framework for Virtual Asset Service Providers (VASP) in Hong Kong (which might go into effect as early as June 1, 2023) piqued public interest in “ Chinese Cryptos.” Massive liquidity injections by the People’s Bank of China (PBoC) corresponded with an increase in crypto market capitalisation. It is mostly linked to regulatory relief in Hong Kong and the likelihood of “quantitative easing” in China. More and more analysts on Crypto Twitter are predicting a “ China Coins Pump” in the coming days. Reasons for the craze around “Chinese Crypto Coins” Risks Involved in Investing in these Chinese Coins.Top Chinese Cryptocurrencies to buy Now (China Trend).Latest crypto developments from Hong Kong.Reasons for the craze around “Chinese Crypto Coins”.
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