It is very strange to hear such information against the background of falling prices for cryptocurrencies. Probably, if this article is true, cryptocurrency prices are not caused by what is happening in China, but by Europe's minor desire to enter the crypto market and buy a number of top cryptocurrencies at a low price. And perhaps even the price will continue to fall just so that after the entry into force of this law, European companies can buy cryptocurrency. Of course, this is only a theory, but it has a grain of truth.
Big players knows how to play the game, this news that supposedly bring the market up is doing the other side,
We can see that there's still whale who wanted to have more bagholds, with this kind of money that should pumped the market whale might be working behind, selling at this point to shake more and wait for this institutional investment to ride on.
We can only speculate and wait for whatever impacts this news really will be, but personally it's good to see more interested investors from the government side.