Quote from: GateioExchange on Today at 11:46:20 AM

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

I read the news in more detail in this article and it seems that the focus of their discussion is more about banks in Hong Kong.

https://www.bloomberg.com/news/articles/2023-03-27/chinese-banks-court-crypto-firms-in-hong-kong-after-mainland-ban?leadSource=uverify%20wall

hongkong can have opposing views of the chinese government regarding cryptocurrencies, especially now that the cbdc issued by the chinese government is not successful at all.

Quote

Hong Kong is governed under the "one country, two systems" principle, under which China has agreed to grant the territory a high degree of economic-political autonomy.

#I think this topic is more suited to the economics section than bitcoin discussion.