Now, trading#btchas been officially legalized!
This is not just talk, I can tell you with certainty and solemnity that it is completely legal to trade BTC in China in the future.
The reason for this is that three funds in Hong Kong have successfully applied for Bitcoin and Ethereum spot ETFs. Since it is legal in Hong Kong, does it mean that trading in mainland China is also legal?
The following is relevant strong evidence:
1. Tencent Finance in China has made a large and detailed interpretation of this exclusive news, which was unimaginable in the past, and more than 20 institutions in Hong Kong will apply for spot ETFs for Bitcoin, Ethereum and other currencies in the future.
2. The Hong Kong Securities and Exchange Commission approved the Ethereum spot ETF at a significantly faster speed than the United States.
3. Hong Kong took the lead in approving the Ethereum spot ETF in order to gradually regain its former financial status on another level. From last year's Hong Kong Web3.0 Conference to this year's many cryptocurrency license applications and related bills, it fully demonstrates its importance.
4. At the same time, the Shenzhen and Hong Kong Stock Exchanges reached a consensus on expanding the scope of the Shenzhen-Shanghai-Hong Kong Stock Connect ETFs, which means that large mainland funds can participate in the trading of BTC, ETH and other currencies through the Shenzhen-Shanghai-Hong Kong Stock Connect in the future.