China plans to liquidate confiscated cryptocurrencies via Hong Kong exchanges to assert control over global digital asset markets. Hong Kong’s LEAP Digital Assets Policy aims to establish a regulatory framework that positions it as a central hub in cryptocurrency, enhancing China’s strategic market influence.
This strategy allows China to manage cryptocurrency liquidity actively, contrasting the U.S.’s limited approach. The liquidity generated will empower Hong Kong to stabilize market prices and respond to geopolitical pressures, posing a significant challenge to U.S. Dominance in the crypto space.
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