prc30 on Nostr: China Morning Missive This is all about capital flows. It should also be noted that ...
China Morning Missive
This is all about capital flows. It should also be noted that the proposed tax exemption goes beyond just “crypto”.
Hong Kong has struggled for a very long time to carve out a new business model. Acting as a “gateway to China” ended with the turnover in 1997 and ever since the city has stumbled along looking for a path forward.
There is the district possibility of China using Hong Kong to play the role of interloper. I continue to be of the mind that China has remained strategically involved in the entire Bitcoin ecosystem even with the 2021 mining “ban”.
Finally, I would propose that Game Theory has been playing out ever since that ban only the larger G7 nations had no idea that it was taking place. BRICS, Global South, etc ….. it all just fits very nicely alongside a national Bitcoin stratagem.
https://www.reuters.com/markets/asia/hong-kong-offer-crypto-tax-exemption-hedge-funds-family-offices-2024-11-28/
This is all about capital flows. It should also be noted that the proposed tax exemption goes beyond just “crypto”.
Hong Kong has struggled for a very long time to carve out a new business model. Acting as a “gateway to China” ended with the turnover in 1997 and ever since the city has stumbled along looking for a path forward.
There is the district possibility of China using Hong Kong to play the role of interloper. I continue to be of the mind that China has remained strategically involved in the entire Bitcoin ecosystem even with the 2021 mining “ban”.
Finally, I would propose that Game Theory has been playing out ever since that ban only the larger G7 nations had no idea that it was taking place. BRICS, Global South, etc ….. it all just fits very nicely alongside a national Bitcoin stratagem.
https://www.reuters.com/markets/asia/hong-kong-offer-crypto-tax-exemption-hedge-funds-family-offices-2024-11-28/