China is definitely playing double game! Not just on crypto but on many other aspects as well. Allowing Hong Kong to host crypto related business is a part of their ambitious gameplan. They are cashing in while US is showing signs of strengthening it's grips over crypto market. It's clear as broad daylight.
But I really don't understand US. They are allowing crypto companies to operate and allowing listing on stock exchanges. At the same time, giving enforcement agencies a freehand to act against them.
But I really don't understand US. They are allowing crypto companies to operate and allowing listing on stock exchanges. At the same time, giving enforcement agencies a freehand to act against them.
Because that is how you get regulation in.
Good or bad, you have to let people do something then you regulate it. If you regulate it 1st, people will do something else. That makes it harder to control so to speak.
If you are doing 'A' and the government comes in and says you have to do 'A' this way, assuming you are a legitimate business, work the way the government wants.
Anyone else will have to follow the same rules.
-Dave
