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Cryptocurrencies Like Bitcoin Cash Shine During Hong Kong Protests

The Hong Kong protests started in June 2019 over a controversial bill and now after weeks of demonstrations, marching citizens are fighting for the future of Hong Kong. In the midst of all the activists protesting, digital currencies like bitcoin cash are being promoted as a way for people to remove themselves from China’s system.

Also Read: Venezuelan Pharmacy Chain Accepts Bitcoin Cash for Medicine and Products

Hong Kong Protests Continue Into the 12th Week

It’s been more than 12 weeks of protests in Hong Kong that started with the 2019 extradition bill called the Fugitive Offenders Ordinance and Mutual Legal Assistance in Criminal Matters Ordinance. The bill claims to be an act designed to stop fugitive refugees from hiding as it would allow Chinese law enforcement to extradite anyone from Hong Kong to mainland China if they are accused of a crime. Many Hong Kong citizens fear the extradition bill could prompt the Chinese government to arbitrarily imprison anyone from the country. 130,000 demonstrators marched against the bill on April 28. After the Chief Executive of Hong Kong, Carrie Lam, showed she was ready to bring the 2019 extradition bill to legislature, over 1 million people protested in the streets on June 9. On the anniversary of the British handover of Hong Kong on July 1, a large number of protesters charged the Legislative Council. In August, activists stormed the Hong Kong international travel hub and the airport had to suspend flights for days.

Cryptocurrencies Such as Bitcoin Cash Shine During Hong Kong Protests
A protestor holding a sign during a Hong Kong demonstration on August 24, 2019.

Even though the bill was put on hold by Lam because of the intensity of the protests, the activists protesting demand more. Leaders of the protest have cited specific demands and

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