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<ul><li>The CEO of Binance has shown support for Chinese state-owned banks offering banking services to crypto firms in Hong Kong.</li><li>The move by Chinese banks signals a potential shift in the country’s stance towards cryptocurrencies.</li><li>This comes amid the Mainland’s strict prohibition of crypto assets.</li></ul><a href="https://coinedition.com/tag/Changpeng-Zhao/" rel="noopener noreferrer nofollow">Changpeng Zhao</a>, the CEO of the behemoth cryptocurrency exchange, Binance, has shown his support for a move made by Chinese state-owned banks. As crypto firms flock to Hong Kong, hoping to bounce back from a tumultuous period, they are discovering an unexpected ally in Chinese banks, according to a Straits Times report.The cryptocurrency exchange champion Zhao has said that when one door shuts, another one opens, a statement that has garnered attention in the cryptocurrency community on Twitter.<a href="https://coinedition.com/chinese-banks-offer-lifeline-to-crypto-firms-in-hong-kong-cz-asserts/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Chinese Banks Offer Lifeline to Crypto Firms in Hong Kong, CZ Asserts

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