- Coinbase CEO Brian Armstrong asserts that America’s crypto economic status is at risk.
- Crypto’s lack of regulation and regulators’ hostility may lead to U.S. financial dominance’s declining trend.
- Hong Kong announces its intentions to integrate crypto among its citizens on June.1.
Coinbase CEO Brian Armstrong asserted in a tweet on February 16 that the United States’ financial dominance is at stake as crypto flourishes, with the European Union and the United Kingdom paving the way.
Read CRYPTONEWSLAND on
google news
In addition, Brian Armstrong alleged that America’s economic status demise could be attributed to the hostile environment from regulators and the lack of clear regulations on crypto.
Consequently, Brian Armstrong demands that the United States Congress move swiftly toward enacting transparent crypto legislation.
In relation to the crypto booms, Hong Kong, a special administrative region of China, recently declared its plans to integrate cryptocurrency among its citizens starting on June.1. This could pose a threat to the U.S. financial center as the market industry is anticipated to surge substantial cash from the East.
This follows a slew of Bitcoin-related operations that have taken place in China’s special administrative region following a tweet from cryptocurrency investor Lark Davis. One such case is DBS, the largest bank in Singapore, requesting permission to provide BTC in Hong Kong.
Additionally, the cryptocurrency exchange OSL Digital Securities and Interactive Brokers (IBKR) has introduced cryptocurrency trading in Hong Kong for institutional investors.
Read Also :
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
