China to gain from US restrictive crypto policies...

in #bitcoin11 months ago

Now this is ironic...

China has long been considered restrictive in many ways, the least of which involves money and technology.

Ironically they stand to benefit from the US restrictive stance on crypto.

At least according to Brian Armstrong:

image.png

(Source: https://cointelegraph.com/news/china-gains-from-strict-us-crypto-regulations-coinbase-ceo)

That would be funnier if it weren't so sad...

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Virtual currencies might be the future, but there is still too many obstacles that need to be addressed... Exponentially increasing blockchain sizes mean people need to either use third-party nodes or buy really expensive hardware.

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