They claim the ban is to "protect" the Chinese people. From what exactly is unclear. :rolleyes:
Also, China's been banning cryptos time and again for years now, it hasn't taken all that much.
So a Uniswap representative said the company is “committed to complying with the laws and regulations governing our industry and to providing information to regulators that will assist them with any inquiry", which is about as cliche as it gets under such circumstances.
Speaking of El Salvador's legislation though, Panama has also decided to legalize the use of cryptocurrencies within their jurisdiction, but unlike El Salvador, they are not making the use of cryptos mandatory. Do you think it will go better there?
Coinbase announced that it is increasing the size of its debt offering to roughly 2 billion USD from the previously announced 1.5 billion USD, because of stronger then expected market interest.
Such mixed news from them lately.