Another door is opening for crypto in the banking sphere now: cz_binance
One of those Chinese banks is BOCOM , Shanghai Pudong Development Bank and Bank of China.
Although the ban on crypto has been valid in mainland China for more than a year, the country's government seems to be helping Hong Kong to become a major crypto hub.According to the source, the local offices of major Chinese banks have either begun offering their services to crypto companies or have been making inquiries into this issue.
These offers of cooperation are catching the public's attention after major banks in the U.S. have been slamming crypto firms, rejecting servicing them. Simultaneously, crypto-friendly banks in the U.S. — Silvergate, Silicon Valley Bank and Signature Bank — have called it a day and announced themselves insolvent. Some of them are being offered for purchase to other large banks.
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