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Sandeep Kumar Mishra
Feb 20, 2023
by Sandeep Kumar Mishra

Winklevoss Thinks That The East Will Drive The Next Crypto Bull Run

East Crypto
Cameron Winklevoss believes that the East is going to drive the next crypto bull run. He added that it will support the idea that cryptocurrency is a global asset class. Cryptocurrency may be governed and viewed differently in each region, but ultimately it affects the entire world.

Hong Kong to be The First True Crypto Hub in The East

The outlook in Asia is much more positive, despite the fact that American financial regulators are putting in as much effort as they can to crush the industry for retail investors.

In its bid to become an Asian crypto hub, Hong Kong will open its doors to the digital asset industry in June. All citizens of the nation will be able to buy, sell, and trade cryptocurrencies legally.

The opening of Hong Kong will make it possible for Chinese institutions to enter the crypto market, despite the fact that mainland Chinese citizens are still prohibited from trading the asset class in China.

Most people believe that this will be the source of the next significant influx of capital. In addition, major Asian financial institutions like DBS have already begun the process of obtaining licenses to provide customers in Hong Kong with crypto services.

Stablecoin Plans in Asia

An Asian stablecoin will also be introduced during the next bull market cycle, according to industry analysts. China is particularly motivated to distance itself from the dominance of the US dollar.

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Asia Cameron Winklevoss Crypto Bull Run
Winklevoss Thinks That The East Will Drive The Next Crypto Bull Run
Sandeep Kumar Mishra
Sandeep is an avid cryptocurrency enthusiast and a keen & passionate blogger. He has a strong mix of skills in the areas of computer networking, cryptography, algorithms, and data structures and specializes in ERC20 tokens. Lately, he is taking a lot of interest in blockchain-powered AI solutions, about which he is also reading and writing extensively. He has to his name dozens of deeply researched articles about cryptocurrencies, blockchain, AI, and IoT. Apart from that, he loves to keep track of the latest trends in social media and digital marketing space. Also, as a huge proponent of blockchain and cryptocurrencies, Sandeep tries to deliver all the latest cryptocurrency news to ardent crypto supporters like yourselves. If you like his content, feel free to follow him on LinkedIn.