Well of course, when a large power attacks Bitcoin and spews it out of the country, other powers of the World will see this as an opportunity. China can earn a LOT from this if they start spreading love for Cryptocurrencies. Though it would be ironic considering they are not the most freedom respecting power.
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Regards,
PrivacyG
Topic: Chinese Banks Welcome Cryptocurrency, as the USA cracks down - page 2. (Read 245 times)
China can stir the shit anytime they want and they did it many times since 2009.
How many times does fud come from China?
Ban it, unban it, crack down it, open for blockchain development and many shows from China. You can not know what they will do next!
Bitcoin Jumps 12% as China's Xi Embraces Blockchain, Boosting Crypto Sentiment in 2019.
Two years later, in 2021 China tightens crypto mining crackdown, bans trading.
One country, two crypto systems: Hong Kong harbors crypto hub ambitions despite China’s crackdown
Many times with opposite regulations from China and they will repeat it in future.
How many times does fud come from China?
Ban it, unban it, crack down it, open for blockchain development and many shows from China. You can not know what they will do next!
Bitcoin Jumps 12% as China's Xi Embraces Blockchain, Boosting Crypto Sentiment in 2019.
Two years later, in 2021 China tightens crypto mining crackdown, bans trading.
One country, two crypto systems: Hong Kong harbors crypto hub ambitions despite China’s crackdown
Many times with opposite regulations from China and they will repeat it in future.
It is interesting to see the contrasting approaches taken by China and the USA towards cryptocurrency. While the USA is cracking down on crypto-related activities, Chinese banks and the Hong Kong Financial Authority seem to be welcoming them with open arms. This could have a significant impact on the global adoption and growth of cryptocurrencies.
The status of Bitcoin in China is a grey area with constantly changing complexities. There has also been several layers of bans to Bitcoin from China, including the most recent ban to mining, causing the nation to drop from being the most popular for Bitcoin mining.
'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.
'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.
Chinese Banks & the Hong Kong Financial Authority welcome cryptocurrency with open arms, as the USA brutally cracks down. With Signature Bank having to shed it's crypto deposits, to Binance and Kucoin under heat. Meanwhile Mainland Chinese banks are courting crypto companies.
China has negotiated a peace deal between Saudi Arabia and Iran, further making the US dollar less relevant. Oil contracts can be settled in other currencies.
All of this is on the back of Biden's "Reject Bill" which supposedly targets Tiktok, and... EVERY OTHER TECH FIRM ON EARTH with unchecked government power.
Learn about the paradigm shift that’s changing our world:
https://www.youtube.com/watch?v=dVMoRAL7_jw
China has negotiated a peace deal between Saudi Arabia and Iran, further making the US dollar less relevant. Oil contracts can be settled in other currencies.
All of this is on the back of Biden's "Reject Bill" which supposedly targets Tiktok, and... EVERY OTHER TECH FIRM ON EARTH with unchecked government power.
Learn about the paradigm shift that’s changing our world:
https://www.youtube.com/watch?v=dVMoRAL7_jw
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