US President-elect Donald Trump’s pledge to support the cryptocurrency sector could provide a fresh impetus for mainland China to revitalise its digital-asset market, according to an industry veteran, as tech competition between the two countries continue to escalate.
“If the US Congress and the [incoming] president make crypto policies clear, constantly legislate and promote the industry, it would certainly be a driving force for China to accept [cryptocurrencies],” HashKey Group chairman and chief executive Xiao Feng said in an interview with the South China Morning Post last week.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
