#china

James Gorman, CEO of Morgan Stanley, said that the world economy has come out of its peak. Positive changes were influenced by two factors: - inflation in the USA has reached maximum levels - relations between USA and China began to improve Gorman believes that China and the United States have finally agreed: instead of redistributing the world's prosperity among themselves, they have moved to the desire to increase it so that everyone gets more. Gorman also suggested that the Fed will not raise rates above 25 basis points next month. The crypto market seems to agree.

The decentralized Damus app had hardly topped the list of the most downloaded apps when the Chinese government blocked it. The Damus app has been removed from the Chinese AppStore because it "contains content that is illegal in China.” The ban was initiated by the local Cyberspace Administration. According to the CAC, Damus provides "information services capable of social mobilization.” At least it has no attribute of denazification.

Justin Sun, co-founder of the Huobi exchange, expressed his delight at China's decision to levy a tax on cryptocurrency transactions. He believes that this is a sure sign that China is ready to accept the existence of digital assets and ease the pressure on crypto projects. Even the fact that fiscal authorities require crypto-markets to register users who invest in cryptocurrencies did not dim his joy. At the same time, he claims that Huobi is registered in the Seychelles and thus is not required to provide customer information. And Justin Sun dreams that the TRON blockchain will be adopted in China at the national level. What else is there to say? Justin Sun is like Jean-Claude Van Damme, but for crypto.