I think we're past global implications at this point, especially any long-term impact that would last for more than a month or two. However, it's sad that China chose this stance, as many people live there and cryptos are not unpopular there either. I feel sorry for people who reside in such a tough authoritarian country that, on top of everything, is fighting against the crypto industry. I hope there's enough opposition and little persecution of crypto users there, so people will continue finding their way to use cryptos as they see fit. If they're indeed turning to decentralized exchanges, it means that centralized control like the one China wishes to impose is not effective against Bitcoin and that people care enough about it there to look for other ways to use it instead of abandoning it.