HashKey Group Chairman Xiao Feng speculates that recent measures by the Trump administration endorsing cryptocurrency could inspire China to reactivate its digital asset market within two years. Feng suggests that Western sanctions and the isolation of Russia from the SWIFT payment system in 2022 may also force China to reconsider its stance on crypto. China's previous ban on crypto was mainly targeted at decentralized finance and speculative trading. However, new Western policies and the acceptance of blockchain and crypto technologies by the Trump administration may push China to reopen areas of its digital asset market to stay competitive. China runs the risk of missing out on technological developments and economic opportunities if it continues to ignore the growing crypto sector. Hong Kong's crypto-friendly laws could potentially serve as a gateway for China to re-enter the digital currency industry under controlled financial operations.



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