Brian Armstrong, CEO of the popular cryptocurrency exchange Coinbase, suggested and warned that the US anti-crypto stance has mobilized China.
Brian Armstrong, in a new content published on MarketWatch, is against the US crypto industry. restrictive He stated that China could benefit from his stance. Especially recently, against many crypto money companies, including the USA’s Coinbase. taking a tough stance reminding CEO, Global competitors like China He stressed that they would not miss this opportunity.
Almost gangrenous Relationship between the US-cryptocurrency industryhas pushed Asian countries to change their attitude towards the sector, especially since the beginning of 2023. Starting from here, Armstrong of Hong Kong Since the beginning of 2023, it has accelerated its steps and positioned itself as the new crypto money center. coincidence not expressed:
Having recently launched the Digital Yuan, China aims to directly challenge the US dollar and its role in global trade. The United States and other democratic nations are facing a digital offensive backed by an ambitious enemy, China.
The CEO of Coinbase believes in such a powerful technology that can lead to global change. it would be wrong to turn your back and the United States in this your leadership that you can lose implied:
It’s not just China that can see opportunities. Crypto, like the internet before it, has the potential to modernize finance. It is important for US technology leadership and national security that this industry is (at least partially) built in the US. If we fail today, the next generation of Americans will pay the price.
It is thought that the US’s wrong policies are behind this “U” turn in recent months in China, which has been prominent with its anti-crypto-money stance for many years and has even banned Bitcoin mining. Finally, China Inclusion of Bitcoin on the state channel and meme coin in the same channel Advertising content of FLOKI had drawn attention.
investment company Ark Invest A similar discourse has recently been put forward by the your throne may lose had been expressed.