It’s no secret that the US is pushing banks away from crypto companies. What’s surprising is that Chinese state owned banks are apparently actively recruiting crypto customers in Hong Kong – seemingly in response to growing US anti-crypto attitudes.

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“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: by CoinDesk.

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The USA’s Crypto Loss is Hong Kong and China’s Crypto Gain