Myth: Hong Kong has never seen a flight of capital in the form of cryptocurrencies.

As a decryption, it is not possible to switch to the form of fiat currency or cryptocurrency after the enactment of the national law in Hong Kong. Clement Ip, co-founder of crypto ATM provider Genesis Block Hong Kong, said that the volume of crypto ATM exchanges has doubled recently, but there is not much value in Hong Kong dollars in digital exchanges and the trading volume is lower than in December 2017. January 2018 and mid-2019. The volume of cryptocurrency trading in Hong Kong is only a small part of the total volume of asset trading, which can be linked to the historic anti-crypto stance of the Bank of Hong Kong, which previously froze the currency supposed to be traded for cryptocurrencies. While cryptocurrency exchanges have struggled with Hong Kong's anti-money laundering law, the rules for cryptocurrency assets have been relaxed. The CEO said, “Now, although companies and families have taken more interest in crypto assets, crypto assets are only used to divide capital and protect some of the business risk, and Hong Kong assets are not used. have not yet been exported, ”management said. official .. World.