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  <p style="text-align: justify"><strong><a href="https://en.coin-turk.com/what-is-maker-mkr/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a>currency-focused</strong> developments in Asia are being closely monitored by investors. An expert in the field is answering the burning questions. Despite China’s crypto ban being in place for two years, a more lenient approach is being adopted through Hong Kong. The former president of Huobi University also responds to the latest developments.</p> 
  <h2 style="text-align: justify" id="coinbase-and-binance-lawsuit">Coinbase and Binance Lawsuit</h2> 
  <p style="text-align: justify">The first question posed to the former President of <strong>Huobi</strong> University was about how bad the SEC lawsuits filed against Coinbase and <a href="https://en.coin-turk.com/binance-continues-its-growth-despite-challenges-insight-from-the-latest-report/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> were.</p> 
  <blockquote> 
   <p>“These two lawsuits do not create a decline scenario at the base of the industry. Restrictive policies only temporarily affect market sensitivity, and regulatory measures stem from chaos, there is no such thing as the last bad news. The market moves forward after strengthening its base following a correction. As for digital asset regulation, the US has always been a global benchmark. It seems to have influenced the speed of regulation in the US following Hong Kong’s adoption of the Web3 policy. As the US election year approaches, it’s hard to see a short-term solution from different regulatory bodies. For SEC’s legal sanction action, I focused more on the war between Coinbase and the SEC’s Law is Law. A long-term market is not afraid of regulation, but I fear regulatory inaction.”</p> 
  </blockquote> 
  <p style="text-align: justify"><img decoding="async" class="size-full wp-image-236383 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/07/Kripto-Uzman-Yorumlari.png" alt="" width="550" height="366"></p> 
  <h2 style="text-align: justify" id="when-is-bull-season">When Is Bull Season?</h2> 
  <p style="text-align: justify">The next question was about the bull season. He answered the question about how and when it will be triggered as follows;</p> 
  <blockquote> 
   <p>“I don’t believe that the bull market will come immediately, but we are in the advanced stage of the bear market. The sector has broad opportunities and where will opportunities come without adjustment or decline? I personally agree with the “Digital Asset Clock” theory that divides the cycle into four stages: market warming (recovery period), capital flow (overheating period), market collapse (stagnation period), and innovation wave (stagnation period). The current stage is clear.”</p> 
  </blockquote> 
  <h2 style="text-align: justify" id="hong-kong-crypto-regulation">Hong Kong Crypto Regulation</h2> 
  <p style="text-align: justify">Most experts have begun to adopt an optimistic stance on <strong>crypto</strong> in Asia, which has led to the rhetoric that crypto is reborn in the East while collapsing in the West.</p> 
  <blockquote> 
   <p>“The SEC lawsuits filed against Coinbase and Binance are a climax in the “West is Falling, East is Rising” narrative. The power game between regional regulatory authorities has an interesting effect, but in the context of globalization and digitalization, competition and complementarity forces between regions have driven changes in the market and policies, further highlighting the strategic importance of Hong Kong’s pilot program.”</p> 
  </blockquote> 
  <p style="text-align: justify">Could China have entered crypto early via Hong Kong to increase its power in this field?</p> 
  <blockquote> 
   <p style="text-align: justify">“China’s discovery in Hong Kong could mark the beginning of a new era in the legal and regulatory environment. Important regions in terms of technology and innovation, Hong Kong and Mainland China have the potential necessary for the development of Web3 and Metaverse technologies. Policy support, technological ability, and market demand can transform Hong Kong and Mainland China into ideal incubation centers for these companies.”</p> 
  </blockquote> 
  <p>The post <a rel="noopener noreferrer nofollow" href="https://en.coin-turk.com/crypto-developments-in-asia-analyzing-expert-opinions/" data-wpel-link="internal">Crypto Developments in Asia: Analyzing Expert Opinions</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>
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Crypto Developments in Asia: Analyzing Expert Opinions

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