{"id":69273,"date":"2022-10-29T17:04:05","date_gmt":"2022-10-29T14:04:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69273"},"modified":"2025-09-07T18:59:19","modified_gmt":"2025-09-07T15:59:19","slug":"arthur-hayes-envisions-chinas-return-to-the-crypto-industry-via-hong-kong","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/arthur-hayes-envisions-chinas-return-to-the-crypto-industry-via-hong-kong\/","title":{"rendered":"Arthur Hayes envisions China&#8217;s return to the crypto industry via Hong Kong"},"content":{"rendered":"<p>Former BitMEX chief executive Arthur Hayes has described a possible return of China to the digital-asset industry with the help of Hong Kong.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u00abComeback\u00bb is an essay about how <a href=\"https:\/\/twitter.com\/hashtag\/HongKong?src=hash&#038;ref_src=twsrc%5Etfw\">#HongKong<\/a> retakes its position as the <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> capital markets hub of the world!!! And I add another pillar to the upcoming <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> BOOOLLL Market.<a href=\"https:\/\/t.co\/1zqaZQFEBp\">https:\/\/t.co\/1zqaZQFEBp<\/a> <a href=\"https:\/\/t.co\/rM5FjodoYZ\">pic.twitter.com\/rM5FjodoYZ<\/a><\/p>\n<p>\u2014 Arthur Hayes (@CryptoHayes) <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/1585045174811754498?ref_src=twsrc%5Etfw\">October 25, 2022<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He believes media reports about plans by the Hong Kong Securities and Futures Commission (SFC) <a href=\"https:\/\/u1f987.com\/en\/news\/hong-kong-regulator-weighs-easing-crypto-trading-rules\">to relax the requirements for trading cryptocurrencies<\/a> confirm China\\&#8217;s efforts to return to the digital assets market.<\/p>\n<p>According to Elizabeth Wong, head of the SFC\\&#8217;s FinTech department, should the bill be enacted retail investors would be able to &#8220;directly invest in virtual assets&#8221;.<\/p>\n<p>Hayes called Hong Kong &#8220;a trusted intermediary&#8221;, through which China interacts with the rest of the world. In his view, Beijing\\&#8217;s repositioning of the SAR is part of a strategy to ease its stance toward cryptocurrencies.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWhen China falls in love with cryptocurrency, the bull market will return. It will be a slow process, but the shoots are already blooming. [\u2026] If these streams do materialize as I envisage, they will provide a strong pillar for the next bull market\u00bb, \u2014 Hayes wrote.<\/p>\n<\/blockquote>\n<p>Meanwhile, the PRC is successfully rolling out the digital yuan. According to the People\u2019s Bank of China, by the end of summer 2022 the cumulative value of e-CNY transactions reached 100.04 billion yuan (~$14 billion) <\/a>.<\/p>\n<p>Earlier in October, researchers from a Chinese state institution <a href=\"https:\/\/u1f987.com\/en\/news\/in-china-researchers-propose-an-asian-digital-currency-as-a-counterweight-to-the-dollar\">proposed the idea of a pan-Asian digital currency<\/a> to reduce regional economies\\&#8217; dependence on the US dollar.<\/p>\n<p>Follow ForkLog\\&#8217;s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former BitMEX chief executive Arthur Hayes spoke about the possibility of China returning to the digital-asset industry with the help of Hong Kong.<\/p>\n","protected":false},"author":1,"featured_media":69274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1193,133,1146,832,1138],"class_list":["post-69273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arthur-hayes","tag-china","tag-cryptocurrency-market-forecasts","tag-hong-kong","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=69273"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69273\/revisions"}],"predecessor-version":[{"id":69275,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69273\/revisions\/69275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69274"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}