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I'd love to hear a semi-rational explanation as to why crypto which is outlawed in China is such a significant interest/concern to Chinese state owned banks ope

I'd love to hear a semi-rational explanation as to why crypto which is outlawed in China is such a significant interest/concern to Chinese state owned banks operating in Hong Kong. This reminds me of China providing support and haven to manufacturers of fentanyl --- which is banned in China. The most logical motive that I can see is harm to western interests.

senttoschool 3y ago
>The most logical motive that I can see is harm to western interests. For f sakes. China doesn't wake up everyday to think about to harm western interest. Hell, Standard Charter and HSBC are both British companies and have their HQs in UK. Quite honestly, I'm sure many regulators in the US would like to ban crypto completely as well. But because power isn't so concentrated, crypto dragged on and harmed US citizens through scandals/scams/ponzis big and small. The SEC is finally doing something.
- jqpabc123 3y ago
  China doesn't wake up everyday to think about to harm western interest. Are you sure? How do you know this? Standard Charter and HSBC are both British companies and have their HQs in UK. Yes, these are non-state owned banks operating in Hong Kong that are being put into a bind amid pressure from Chinese interests and regulators to support crypto exchanges. The quandary is, why have Chinese state regulators in Hong Kong turned "crypto friendly" to the point where they are now pressuring others to support it when it is banned in China? And your hyperbole is not a logical answer. https://finance.yahoo.com/news/china-state-owned-banks-turn-050505204.html https://finance.yahoo.com/news/china-state-owned-banks-turn-...
  - senttoschool 3y ago
    Drink less propaganda.
    - jqpabc123 3y ago
      So just ignore/deny the basic facts? Got it.