CCTV
building
in
Beijing,
China.
Source:
Adobe
/
anekoho
A
segment
on
Chinese
state
television
about
crypto
has
caught
the
attention
of
the
cryptoverse,
with
Binance
CEO
Changpeng
Zhao
(CZ)
pointing
out
that
similar
reporting
in
the
past
has
triggered
bull
runs.
“CCTV
(China
Central
Television)
just
broadcasted
crypto.
It’s
a
big
deal.
The
Chinese
speaking
communities
are
buzzing.
Historically,
coverages
like
these
led
to
bull
runs,”
CZ
told
his
8.4
million
Twitter
followers
on
Wednesday.
“Not
saying
past
predicts
the
future.
And
not
financial
advice,”
he
added.
The
segment
referred
to
by
CZ
aired
on
China’s
CCTV
channel
on
May
23,
and
focused
on
a
new
mandatory
licensing
scheme
for
crypto
trading
platforms
in
Hong
Kong.
Among
other
things,
the
segment
said
companies
offering
crypto-related
services
in
Hong
Kong
must
apply
for
a
license
from
the
Hong
Kong
Securities
and
Futures
Commission
by
June
1,
when
new
crypto
guidelines
come
into
effect
in
the
city.
The
TV
segment
was
initially
available
on
CCTV’s
website,
but
appeared
to
have
been
deleted
at
the
time
of
publishing.
Segment
on
crypto
appeared
to
have
been
deleted
by
CCTV.
Source:
tv.cctv.com
Hong
Kong
new
hub
for
crypto?
Hong
Kong
has
recently
taken
upon
itself
to
become
a
new
center
for
crypto
activities,
with
the
partially
self-governed
city
hosting
several
conferences
this
year
where
it
welcomed
crypto
firms
from
around
the
world
to
relocate
there.
On
the
Chinese
mainland,
however,
mining,
trading,
and
most
other
uses
of
crypto
have
been
banned
since
2021.
Back
on
Twitter,
CZ’s
comment
was
also
picked
up
by
the
Chinese
crypto
entrepreneur
and
Tron
founder
Justin
Sun,
who
said
the
segment
“could
very
well
lead
to
an
increased
awareness
and
curiosity
about
cryptocurrencies.”
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