China's Bitcoin Reserve!? What It Could Mean For Crypto!!

"at the end of 2024 China's Forex regulator introduced new regulations to compel Banks to Monitor and Report risky Forex Trading activities and capital flows associated with crypto transactions"

"banks are now required to track and Report the movement of funds that may be used for among other things illegal crossborder Financial activities involving crypto notably this includes the conversion of Chinese yuan into crypto and subsequent exchanges for foreign currencies"

"this may be coming to an end in 2025 as the government recruits Banks as informants on the lookout for people spending too much money on crypto"

"Anthony scaramucci says Beijing is going to be buying Bitcoin in 2025"

"the chairman of the Hong Kong legislative council's web 3 and virtual assets development subcommittee told a state-owned pro Beijing newspaper that he has been lobbying the Hong Kong government to Pilot the adoption of BTC as a strategic Reserve asset"

"the Hong Kong monetary Authority's external investment managers have not ruled out making investments in crypto assets as part of their operations"

"Beijing has supported this from the very beginning This has been evidenced by a steady stream of reports suggesting active cooperation between state-owned Enterprises on the mainland and Hong Kong's crypto industry"

"when way po recently reported that mainlanders could invest in the ETFs via alipay China's leading payment platform an advert on alipe funds read quote Global investment cryptocurrency is soaring start investing at tenan get started now"

"at the time of making this video the answer is no This could certainly change in the future though especially if the US SBR ever sees the light of day but as it stands there's no indication that mainland China is going to open up to crypto in any meaningful way"

"China is estimated to already have around 190,000 BTC"

"if BTC is adopted as a reserve asset by the United States Beijing might be inclined to take advantage of its own Holdings in some way and this could be done without ever easing restrictions on public crypto use"