Crypto startups will find a new safe-haven, it will hurt them a bit, but they'll make it. They can operate anywhere with an internet connection and the freedom to do so. It's very unfortunate what's happening to Hong Kong and the people there. Hong Kong on its own could not win a civil war against China.. But if enough global forces stand with Hong Kong and against China, perhaps there's still hope.
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Money is the problem. No one wants to break ranks, piss China off and then lose money.