I have always thought banks will still be of useful advantage to cryptocurrency and to the fact that we may not need to have them totally eliminated for cryptocurrency, they can have a way of working hand in hand with each other to satisfy the users, China would have been my next suspected country but the coronavirus infection may take them little time to gain balance.
dont expect too much on china . arent you aware with thier issues with cryptos before and now they are facing another isues which was this virus . like you i also think that banks is still useful even if we already have cryptos but many says that cryptos are already enough because cryptos can as a bank too . the only problem is the support for cryptos versus banks . banks is still the legal tender and recognized by many . instead of seeing one of them go down why cant we just be good to the both of them .
I do not believe much in China even if they are a farm nation and own many big bosses because they often create serious events in the market, fake information, causing lots of discomfort and annoyance for investors, so ignoring them is the best thing to work more effectively. On the subject of banking and crypto, many people may be thinking that crypto can become a bank, it's a possible idea but I'm not sure you can guarantee your money won't be lost or diminished due to the collapse, banks have their own advantages and values, combined with crypto would be perfect