An advertisement for a bank once declared, “If you want banking, step right up.” Well, at CMB International Securities, a much-esteemed arm of the China Merchants Bank-an institution so sizeable it probably makes the Large Hadron Collider feel like a rabbit’s watch-it looks like someone’s opened a new trick up their sleeves. Or sleeve. Or potentially sleeveless shirt sleeve, if you get them.
Poor, beleaguered Hong Kong now finds itself dabbling in the murky waters of virtual asset trading-not just when the sun shines, but also during those times when you’d rather be fast asleep with your feet warmed by a fire and a cup of hot tea-or whatever nocturnal Brits do. Yes, dear citizens. You too can now buy, trade, and possibly curse as you trade Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) 24/7. Who knew that between bowing deeply at tea ceremonies and buying umbrellas at every daylight hour, there would also be time to invest in bits and bytes?
It appears that the golden age of digital gold is edging closer. Cryptocurrencies, much like the time they tried to teach economists about a click from Big Ben, now have the blessing of mainstream acceptance. But unlike Big Ben, whose chime is all public works, the economic implications of cryptocurrency are exclusively public-rumors-on-sumptuous-newsletters. Nevertheless, this is a surefire improvement over battling queues outside the bank, though whether it might cause more ailment to angst or insomnia is still very much up for debate. 💡
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2025-08-18 12:07