Hong Kong Regulators Approve Bitcoin Cash
Why Bitcoin Cash Belongs In Every Crypto-Portfolio.
Expectations regarding the renewal of interest and adoption of cryptocurrency increase as several financial centers have announced or getting ready to announce favorable regulations.
Unlike the authoritarian standpoint of mainland China and the recent Western policies hindering financial innovation, Hong Kong demonstrates values aligning with economic freedom.
The new cryptocurrency regulations of the autonomous administration of Hong Kong now allow retail investors to trade cryptocurrencies, although only a few made the cut.
These are Bitcoin Cash (BCH), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Polkadot, Solana, Cardano, Avalanche, Polygon, and Chainlink.
In the EU and the US, contrarian forces still support economic stagnation and demand authority on finance. The US and the EU will have to revisit their recent unfavorable stance, as restrictions on financial freedom will have devastating consequences for any economy.
Hong Kong Regulators Embrace Bitcoin Cash
(Source: WorldEconomics)
According to the requirements of the Hong Kong government, the tokens purchased by retail investors need to be included in the two major indexes, which is the minimum requirement, so the following tokens are the tokens that may be listed in the first batch of Hong Kong compliance exchanges.
Wu Blockchain
(source)
Besides the recent Hong Kong regulations, Bitcoin Cash is always featured as a top cryptocurrency selected by financial entities or corporations when entering the cryptocurrency domain.
Institutions Select Bitcoin Cash:
(includes links to previous articles and announcements):
JPMorgan Chase & Co.
SBI Holdings (Japan)
Rakuten (Japan)
21Shares (EU)
Interactive Brokers (USA)
Bancolombia (Colombia)
US Bank (USA)
PayPal (USA & UK)
Top Corporations And Internet Platforms Accept Bitcoin Cash:
Several platforms and payment processors integrate Bitcoin Cash for payments, such as Purse.io, BitPay, GoCrypto, and Blockonomics.
With Bitgree, we can buy almost anything from Amazon and pay in Bitcoin Cash without any custodian or having to trust third parties.
Micropayments
The reliable fee structure of Bitcoin Cash allows the cryptocurrency to excel in micropayments.
Platforms and apps such as CashRain, read.cash, noise.app, memo.cash, Chaintip, and tipb.ch utilize the abilities of Bitcoin Cash to serve micropayments or larger transactions.
Bitcoin Cash innovates and upgrades to meet the demand for financial activities related to smart contracts such as DeFi, fungible and non-fungible tokens (NFTs), prediction markets, and financial innovation in accordance with Bitcoin's peer-to-peer foundations.
(source: Twitter)
Bitcoin Cash achieves robustness, and security, while maintaining decentralization at high levels.
Merchant Adoption
(source: bitcoin.com)
The map of merchant adoption indicates the location of shops and businesses accepting Bitcoin Cash for payments globally.
Several hotspots exist like Townsville, Australia, and St. Kitts (Caribbean), where a cryptocurrency enthusiast can live and pay for almost everything with Bitcoin Cash.
Price At An Entry Point
Ranked 30th in cryptocurrency indexes (according to market cap), Bitcoin Cash ($BCH) delivers a unique entry point at $110 - $130.
Bitcoin Cash finds backing from several miners and corporations in the industry, deserving a place in every crypto portfolio.
The price of Bitcoin Cash suffered in 2022, following the rest of the cryptocurrency market, but for the past 12 months, it stabilized, finding strong support in the range of $100 - $110.
The latest price stability combined with new developments and rapid progress of smart contracts on Bitcoin Cash indicates a flourishing ecosystem.
The Hong Kong regulations open the way for a new wave of cryptocurrency adoption.
It is not just Bitcoin (BTC) and Ethereum (ETH), but Bitcoin Cash is always there, next to the top-two cryptocurrencies in market cap terms.
With the current low price and recent developments in smart contracts and Web3 (Cashtokens), Bitcoin Cash presents an attractive investment.
On-chain transactions
(source)
Since the launch of CashTokens, Bitcoin Cash transactions are skyrocketing, indicating extensive interest in the new upgrade that supports UTXO-based smart contracts, DeFi, NFTs, Prediction Markets, and various other economic activities.
The 4th Halving
Finally, in April (or March) 2024, we expect the 4th halving for Bitcoin BTC and for Bitcoin Cash. Probably, it will be the last time the halving will contain significance, as most of the coins are already mined, and the remaining percentage is too low to generate the supply shock of previous halvings.
Speculation will probably rise for one final time in 2024.
Right after, the market will have to decide whether utility and the peer-to-peer revolution will matter to billions of people or it was all for nothing and CBDCs will be the inevitable new order with no competition at all.
Mining And Development Decentralization
Bitcoin Cash stands out from other cryptocurrencies due to high decentralization (in mining and developments) coupled with the ability to deliver instant transactions (0-conf, no RBF) at reliable low fees (less than a penny).
BitcoinCashResearch.org is the starting point for discussions between developers, stakeholders, and any participants of the Bitcoin Cash ecosystem.
Bitcoin Cash decentralized developments receive funding by voluntary P2P donations via Flipstarter, a Bitcoin Cash non-custodial crowdfunding platform.
The infrastructure of Bitcoin Cash works perfectly to discourage trusted third parties and financial hubs. No one controls the network, and decisions are taken with a consensus-based process.
In Conclusion
(picture on Pixabay , added Bitcoin Cash/CashTokens logo)
As an established cryptocurrency, Bitcoin Cash is consistently one of the few options that matter to regulators and institutions.
The recent clarity by Hong Kong regulators leads the way for the US and EU regulators to support innovation and allow modern finance to flourish.
Bitcoin Cash promotes financial inclusion with a fee structure and network scalability that can accommodate billions of users.
Economic innovation and transactions already rise as Cashtokens herald us into the era of a P2P Economy building on the Bitcoin Cash blockchain.
Cover on Pixabay, by Alexas_Fotos (modified with logo)
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really interesting article, thanks