{video} China seems to be backing off its hardline stance against cryptocurrencies, a serial internet entrepreneur told CNBC on Monday. “We have been seeing, from my vantage point, a softening in the Chinese stance towards crypto,” said Jeremy Allaire, co-founder and CEO of crypto financial services firm Circle. He founded and formerly served as CEO of video streaming provider Brightcove. He was also a technologist at General Catalyst, a Cambridge-based venture firm. The Chinese government in 2017 started to ban initial bitcoin offerings and shut cryptocurrency trading exchanges. But as global interest in crypto ... (full story)