Let's take a look at two important policy changes that are directly related to the next bull market next year
Hong Kong's Ensemble project enters a new phase and Singapore's tokenized bills
1⃣ Everyone should know about Hong Kong's previous sandbox plan, which caused quite a stir when it was introduced, but later tightened up, and now there is basically no discussion domestically
The main reason is that it cannot be issued, and it will be deemed illegal
Today, the Hong Kong Monetary Authority announced the launch of Ensemble, entering the trial phase
In simple terms, this project aims to consolidate all token-related funds (including deposits, funds, bills) into a regulated settlement system for trading tests
The initial application scenario is tokenized deposit slips for cross-border payments, with the goal of making tokenized deposits a daily usable tool within the banking system
This is Hong Kong's closest core project to the implementation of CBDC (Central Bank Digital Currency), as well as the main direction of tokenized financial infrastructure in Hong Kong for the coming years
2⃣ Singapore has indicated that it will initiate a pilot for the issuance of tokenized MAS bills next year
MAS will conduct tokenization experiments on real central bank short-term bills, and then test indicators such as scalability and settlement efficiency
The aim is also to bring tokenization to the financial infrastructure level, accelerating the traditional sector's full involvement in on-chain finance
3⃣ So friends, cherish BTC around 100K, cherish ETH below 4000, cherish BNB below 1000
Although the current stage is weak, the future is still bright. It is foreseeable that a large amount of traditional hot money will flood into the crypto space starting from the pilot
Mom, I see hope again $BTC
