The crypto-themed broadcast of the Chinese state television CCTV about cryptocurrencies and Bitcoin yesterday caused great excitement and caused the footsteps of the Asian-origin bull to rise.
So much so that Binance CEO Cz said, “This type of publication historically initiates a bull market”, boosting the hopes of its investors one fold.
Taken Down
The effect of this positive development regarding China did not last long. CCTV abruptly removed the video from their platform after the incident spread. The video CCTV removed was about cryptocurrency developments in Hong Kong. Apparently, the excitement created by the video in crypto money investors disturbed some.
What will happen in Hong Kong?
Hong Kong is expected to offer retail investors the opportunity to trade cryptocurrencies on June 1. Individual investors are expected to be allowed to buy and sell larger tokens such as Bitcoin and Ethereum under favorable terms from next month.
Stock markets have already started preparations. OKX has decided to list 16 altcoins for Hong Kong investors.
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