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FX168 Financial News (Asia-Pacific) News Longest foreign media and encryption communities quoted experts as predicting that China is expected to revoke the ban on Bitcoin and Crypto Assets within three months. China previously banned Crypto Assets due to financial risks and environmental concerns, but the ban could be lifted due to Hong Kong's approval of Bitcoin ETFs. Ben Charoenwong, a scholar at the National University of Singapore, said capital flows were out of control.



Crypto Assets media CoinPedia, well-known encryption community BitcoinLFG, revealed that China, known for taking a tough stance on Crypto Assets, seems to be reconsidering the ban on Bitcoin soon. The news comes at a time when Hong Kong has taken a major step forward in accepting Bitcoin, including ratifying Bitcoin Spot ETF.
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