China and Singapore deepen crypto involvement as U.S. banks shun the industry
kitco.com/news/2023-04-06/China-and-Singapore...
kitco.comPosted Apr 7, 2023, 11:13 PM UTC
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kitco.comFor one guy being in charge for like the last 20 years, the amount of times China’s pivoted on crypto is nuts. And I’d suspect it’s just fud to drive the price down and reaccumulate, but they actually did lose a majority share of miners, so it seems like the CCP legitimately is just manic/depressive when it comes to crypto.
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tldr; China Pacific Insurance Investment Management (CPIC), a subsidiary of state-owned China Pacific Insurance (CPI), has announced that it will be launching a pair of crypto funds in Hong Kong. CPIC has partnered with Waterdrip Capital investment firm to launch the new digital asset funds as a way to provide investors with access to digital assets that are legally compliant.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Hoped it'd go the other way around. Very disappointed.
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America is making their own digital currency, they don't want Bitcoin, America wants full control
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Don't forget that China has banned Bitcoin
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It’s difficult to invest in crypto in mainland China for ordinary people
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China is back on the crypto drip?
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go away USA, we do not need you.
Pls do not invade us though.
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I understand the United States government is arrogant and filled with stubborn dinosaur politicians, but it amazes me that they're so readily willing to lose this most important race.
They don't realize how big of a mistake they're making by stifling innovation in the crypto space. No wonder there's an exodus of crypto developers and companies leaving the States to go international.
This is what the dollar dying looks like.
No this is what arrogant politicians look like ..
It's cause the USD has most to lose