🚨 CHINESE VENTURE FUND BREAKS BANS: $30 MILLION INTO LICENSED CRYPTO EXCHANGE IN HONG KONG 🚨
Chinese venture giant Gaorong Ventures made an unexpected move, investing $30 million in one of the largest licensed crypto exchange operators in Hong Kong.
DEAL DETAILS
- The recipient of the investment is a Hong Kong platform that has an official license to operate with digital assets. The name of the project is not yet disclosed.
- The funds will be used to expand infrastructure, launch new products (staking, ETF), and enter Southeast Asian markets.
- 🌍 Hong Kong vs. Mainland China: Hong Kong maintains autonomy in financial policy, positioning itself as Asia's crypto hub, despite bans in Beijing.
- 💼 Gaorong's Strategy: The investment may be a test balloon to assess the regulatory environment through Hong Kong.
- 📈 Market signal: Chinese institutions are looking for ways to participate in the crypto market while circumventing internal restrictions.
- Analysts expect other Chinese funds to follow Gaorong, using Hong Kong as a "gray zone."
- Increased interest in tokens with an Asian audience is possible: $KEY (SelfKey), $ACH (Alchemy Pay).
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