It was a fireside chat, but no one was toasting marshmallows. Instead, Changpeng Zhao (CZ), a man who moves currencies faster than most folks change socks, sat across from Raoul Pal, eyes bright with finance and anticipation. They talked about countries and their love affair—well, mostly love-fear affair—with their money. Capital slid around the globe like a lizard escaping a pick-up, and a man could hardly keep up.
Raoul, never one for subtlety, asked CZ about India and China and how they stood in the eternal wrestling match against capital control. You could almost hear the bureaucrats sweating in the background. Their money has a passport, sure, but not always a visa.
CZ, ever the sage on the mountain, leans in: “Right now, I figure China lets Hong Kong play sandbox. Kick the crypto tires, maybe crack a window for fresh air. Hong Kong is more pro-crypto than a teenager is pro-Internet after lights out.” (Don’t expect bedtime in a place where Bitcoin never sleeps.)
🇦🇪🔥TOKEN2049 DUBAI: @cz_binance says “Hong Kong is now extremely pro-crypto,” acting as a sandbox for China.
“Once you buy Bitcoin, which country does it belong to? There’s no border.” #Token2049 #Token2049Dubai
— The Crypto Times (@CryptoTimes_io) April 30, 2025
CZ wasn’t finished and the air in the room felt brighter for a moment. “They started fiddling with the locks about two years back. Some licenses issued—shiny, complicated, but still with training wheels. Now, maybe they’re loosening up enough to ride a real bike.”
Still, old worries run deep. The shadow of Beijing’s big red ledger stretches far; Hong Kong might hand out digital license plates, but try driving your capital out to sea and you’ll hit a wall. The city’s open, sure, but there’s always that border checkpoint—manned by someone who didn’t get the memo from the Year of the Crypto.
And underlying it all, the quiet joke: Crypto doesn’t care for fences. Money slips through, borderless as the wind, leaving governments muttering and locking doors that everyone knows are just for show.
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2025-04-30 17:45