Crypto News: Indian Exchanges in Survival Mode, US Crypto Regulations Help China Become Leader

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Crypto News Today: Restrictive US Crypto Regulations May Help China Become Global Financial Leader: Coinbase CEO
KEY POINTS: China’s introduction of the digital yuan could directly challenge the U.S. dollar, warns Armstrong
He demands a comprehensive law “that safeguards consumers and fosters innovation”
The U.S. will have to cede its position as a global leader if right action is not taken now, he says
02. Crypto founders, including Binance chief executive Zhao Changpeng, are talking up the Chinese government’s support for Web3, tying a recent Beijing white paper to Hong Kong’s efforts to become a crypto hub, as they face increasing regulatory scrutiny in other parts of the world.

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