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_jwYour profile looks odd, are you an official gate exchange representative, I wonder if you are, you should be making updates about their exchange and the account looks new, something doesn't feel alright. Anyways, back to your topic of discussion, is the bank looking to use bitcoin as a hedge since they are now calling on other people for a bailout? Was this not same China, Hong Kong particularly that sent out crypto investors and ban bitcoin mining in their city, they are now looking forward to accepting bitcoin into their banks, that is a big joke on them because I will never trust a word of the banks, my personal wallet will do the job better in an optimized way.