Hong Kong's decision to allow retail investors to buy cryptocurrencies, including Ethereum, starting June 1st, is expected to benefit the crypto community.
This move could pave the way for an influx of liquidity, although it may not be immediate as exchanges will need to apply for their services and be vetted.
Despite a slight uptick in demand for ETH towards the end of May, the current state of demand suggests that any incoming demand will likely be gradual rather than immediate.
However, Hong Kong's opening up to crypto once again could lead to a demand resurgence, as it represents a gateway for Chinese liquidity to access foreign or international markets.
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