Home » Chinese TV’s crypto ‘bull run’ report censored, Multichain crisis: Asia Express

Chinese TV’s crypto ‘bull run’ report censored, Multichain crisis: Asia Express

by WorldFinance
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Chinese TV’s crypto ‘bull run’ report censored, Multichain crisis: Asia Express

On May 23, China Central Television (CCTV), the countrys government-owned broadcasting corporation creating programming for over 1 billion viewers in Mainland China, aired a short, 98 second segment regarding the adoption of cryptocurrencies in Hong Kong.

During the session, state news anchors briefed its audience on how Hong Kong regulators have made final preparations for the trading of virtual assets in the special administrative region (SAR) and will accept applications from virtual asset trading platforms. Interestingly, nothing overtly negative about cryptocurrencies was mentioned during the broadcast a sharp contrast to Chinas official policy that banned cryptocurrency mining and exchanges elsewhere in the country.

The now deleted CCTV HK crypto segment (Web3 dongxiang)
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Multichain’s total value locked over time (DeFiLlama)

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