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Proof of Chad
2.1K posts
When people say “to the moon“ I didn’t realise they meant zero, even though zero looks like a moon 🌑
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These are the blackened lungs of a 52-year-old man who smoked a pack of cigarettes a day for 30 years. 🫁🚬Wild... twitter.com/sskhan19310212…
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@okaybears Man I lost so much money on these- still kinda cool to see they’re still active at least
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Dedication.
Diligence.
Determination.
10k Okay Bears PFPs are now available in 3D.
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Hey @AstarNetwork - my tokens are neither staked nor accessible, just “locked” - what’s up with that?
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@crypto_fruit @laurashin The regulators drove it starting with an opt-in system two years ago.
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@laurashin Why HK suddenly change opinion. China was quite strongly against crypto.
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What questions do you have about Hong Kong crypto regulation? Asking for a friend 😉
🎙️ Let me know below! 👇
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@DeFiChick @laurashin There’s definitely room for two hubs in APAC imo. We’re seeing more clients embrace a dual jurisdiction approach. Sing’s ecosystem is much more familiar with the tech still. Also HK has an issue locating sufficient expertise to act as responsible person for licensing purposes.
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@laurashin Also interested in exploring how Hong Kong crypto regulation will impact Singapore as the go-to crypto friendly location in Asia?
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@caherrerapa @laurashin Local regulators have openly encouraged Hong Kong banks to provide banking services and we anticipate access to banking services by crypto firms will become easier in general. Some banks that have made public statements and welcomed crypto firms include, ZA Bank, BOC, and SPDB.
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@laurashin How and where a HK crypto company can open a bank account
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@GrabowskiDylan @laurashin We are seeing many firms are eyeing regions with clearer regulations to conduct their businesses (contrasting the US). Many see Hong Kong as a potential step to enter into the China market, noting it is the first and only Chinese city (for the time being) to allow crypto trading.
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@markjeffrey @laurashin Only large-cap assets are allowed for retail trading. This is defined as virtual assets that are included in a minimum of two acceptable indices issued by two independent and different index providers. BRC-20 tokens might need more adoption to meet the regulators’ standard.
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@laurashin Bitcoin is allowed, we know that.
What about BRC-20 tokens on Bitcoin? Or SAT Names?
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@defivas @laurashin The new crypto regulations in Hong Kong are stringent and the local regulator would likely treat Defi unfavourably. The SFC will likely treat most Defi activities to be Type 7 regulated activities (providing automated trading services) and require a licence.
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Proof of Chad@proofofchad
@martypartymusic @HuobiGlobal @solana 1. Crypto is banned in Mainland China 2. The reforms taking place from 1 June apply only to Hong Kong which while part of China is a special autonomous region. 3. Buying crypto was legal in Hong Kong before 1 June also- now it’s just more tightly regulated
QME
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$1.25 billion of Solana bought on @HuobiGlobal today.
China is aping into @solana
Remember June 1 Chinese citizens can buy crypto. The exchanges are stocking up. Welcome to the bull run.
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Proof of Chad@proofofchad
@martypartymusic @HuobiGlobal @solana 1. Crypto is banned in Mainland China 2. The reforms taking place from 1 June apply only to Hong Kong which while part of China is a special autonomous region. 3. Buying crypto was legal in Hong Kong before 1 June also- now it’s just more tightly regulated
QME
