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Hong Kong Bitcoin Trade Volume Rising Amid Protests

Hong Kong has been in a state of civil unrest since an extradition bill was proposed in February, and protests have intensified in recent weeks.


Essentially, if the extradition bill were passed then Hong Kong natives could be deported to mainland China for any crime. Hong Kong and mainland China have different laws, but this extradition bill would basically nullify Hong Kong laws since people would have to go to court in China instead of Hong Kong.


The fear over the extradition bill has caused capital flight, meaning Hong Kong citizens are trying to move their money offshore to protect it, just in case the extradition bill becomes law.


The bill was withdrawn early last month, but protests have since adopted broader pro-democracy lines and become more sporadic, with yesterday being the most widespread in four months. Read More...

#BTC #HongKong #China

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