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China Allowed Crypto in Hong Kong, Citizens Started Cheering for Winnie the Pooh!

Key Takeaways
  • Last year April, when She Xinping banned cryptocurrencies, Bitcoin was hovering around $60K and Xinping did not want people to make bad investment decisions
  • Some anti-communist forces are labeling this step opportunistic as China might want to leverage the price correction to accumulate more Bitcoins
China Allowed Crypto

The ultimate love between the citizens of Hong Kong and the supreme leader of China came out exuberantly when the citizens when China decided to let loose crypto restrictions in Hong Kong. 

As we all know Mr. She Xinping is the face of the world’s largest communist organization that owns almost everything in China. 

Indicating the sheer size of his beautiful heart, She Xinping personally telephoned John Lee Ka-Chiu of Hong Kong to ensure the smooth restoration of crypto in the country. John Lee shared that She somehow realized that Bitcoin is not a pretty bad deal at $24K and wanted the people of China to channel their Bitcoin transactions via Hong Kong. 

Last year April, when She Xinping banned cryptocurrencies, Bitcoin was hovering around $60K and Xinping did not want people to make bad investment decisions. She Xinping reportedly said, 

“I might look like a cute little doll but I was a fierce trader 20 years back in my sixties. I understand everything about blockchain, I even created my own blockchain to keep a record of my evening cookies. Bitcoin was not a great deal at $60K but it is surely a must-buy at $$24K. Go Hong Kong! Buy some Bitcoins”

After this call, Hong Kong made buying, selling, storing, and trading cryptocurrencies completely legal. This will also enable the exchanges to start their operations in a legalized and controlled fashion. The citizens of Hong Kong are excited about this new development.

According to local sources, the people of Hong Kong are celebrating the news by sharing photos of their beloved cartoon character, Winnie the Pooh! Winnie can be seen on people’s social media profiles, sticker combos, and wall posters. This sweet gesture is to commemorate their elected leader (which they never had the option to either elect or reject). 

Some anti-communist forces are labeling this step opportunistic as China might want to leverage the price correction to accumulate more Bitcoins. With this, China might want to strengthen its position in the digital economy as it cannot miss the upcoming crypto wave. However, none of the anti-communist opinions are to be entertained in the free nation of China.

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