Mike Novogratz Questions Potential Rumours Of Reversal In China’s BTC Stance

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Rumors are circulating online about a potential reversal in China’s stance on Bitcoin, which could have a big impact on the global crypto market. Mike Novogratz has acknowledged the recent speculation and pointed out its potential impact on the industry. He revealed his interest in finding out if there is any truth in them. Several years ago, financial institutions in China were banned from handling transactions and mining Bitcoin, following which there were bans on exchanges and limits on buying cryptocurrencies with the yuan. In contrast, Hong Kong, last year opened up spot Bitcoin trading.