Recently, the stablecoin concept Circle has become very popular. Friends outside the circle who only play A-shares have begun to look forward to/fantasize that they can also trade cryptocurrencies in China.

However, I feel that this news is probably fermented by Guotai Junan International's acquisition of a virtual currency license and a 200% increase.

From supporting virtual currency ETFs to issuing virtual currency licenses, HK is still actively embracing virtual currencies. Will A-shares be the next step?

It's a bit tough.