Should Beijing look at its crypto ban? A former bank member believes so
A former member of the Monetary Policy Committee at the People’s Bank of China believes the ban on China should be reconsidered.
Armstrong responded to the issue that might arise with regards to regulation, calling it “a big open question,” saying that nothing is confirmed whether tokens will be considered as securities or not, but allowed that Coinbase does “feel a substantial subset of these tokens will be securities.”
Earlier this year, Armstrong took to social media in order to offer encouragement to investors and employees to hold hope during the bear market, saying:
“After many years of this, I’ve come to enjoy the down cycles in crypto prices more. It gets rid of the people who are in it for the wrong reasons, and it gives us an opportunity to keep making progress while everyone else gets distracted. We use the down cycles to build a strong foundation so we can thrive in the next growth cycle.”