Hong Kong Crypto Expansion vs China’s Censorship: Who Wins This Battle?

Hong Kong regulators finalize virtual asset trading preparations, allowing exchanges to provide services to retail investors. Crypto exchange Gate.io launches its Gate.HK platform, while ZA Bank plans to offer virtual asset trading under the new licensing regime. In contrast, Terraform Labs CEO Do Kwon faces imprisonment, and memecoins’ prices fall over 50% in two weeks, highlighting their short-term hype-driven value.