'Some' Chinese banks are considering being more friendly to cryptocurrency and related companies, but it would be a while before it counts as a crypto friendly region.
Agree that it is in the grey area, however, it also appears that China is also getting ready to open their doors again but only through Hong Kong. I speculate that the coins with the highest pumps for the next bull market might be by projects that are being created in Asia.
In America, the coordinated attacks and cryptospace crackdowns will only become stronger. I have noticed much of you argue that we know of this coordinated attacks already hehehe. We have not seen the real strength of these coordinated attacks. This is only the beginning.
The US banking meltdown that has so far claimed Silvergate, Signature and Silicon Valley Bank leaves crypto investors bruised and anxious about the spectre of tougher regulations as firms big and small lose access to funding.
Some even warn it may be an even bigger blow to the industry.
“Crypto in the US is dead” for firms that have links to the US financial system, one New York-based crypto trader, whose company lost access to financing, told DL News. “To be useful in real life it needs to be able to have APIs connected to banks. The government just nationalised the two networks that could do that in the USA.”
“Now, it’s like a scarlet letter” to be an American in the industry.
Source https://www.dlnews.com/articles/regulation/silvergate-signature-silicon-valley-bank-regulation-sec-fdic/