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Interesting, there is news about a crypto mogul from China who is expanding their business. Their private trading subsidiary will enter a listed wealth management company in Hong Kong. It seems like a strategic move, considering China's crypto sector continues to grow despite strict regulations.
So, here's the thing, major players in this industry are starting to diversify into the wealth management sector. This is not just about trading, but more about formal and registered asset management. An interesting move to legitimize their business in the eyes of regulators.
Do you think this will become a trend? Will other crypto moguls also join official wealth companies? Or is this just an individual strategy? Clearly, this shows crypto players are taking a more serious stance in mainstream finance.