Discover how China's strict regulations are impacting the growth of cryptocurrencies and blockchain technology. Will the country become a leading innovator in the field?
Deutsche Bank, one of the world’s largest investment banks, believes the rapid growth of artificial intelligence in China will be a major shift in global technology. Despite China’s strict regulations, cryptocurrency activities in the country remain strong. Singapore, as China’s financial gateway, has seen an increase in investment in digital currencies. Approval of exchange-traded funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH) in Hong Kong indicates a gradual change in China’s approach to digital assets. Deutsche Bank predicts that if China’s policies on crypto are eased, the country can become a major innovation hub in blockchain.
