Hashkey Group CEO Xiao Feng believes that a pro-crypto Trump administration could influence China to relax its stance on Bitcoin and other digital assets. Feng stated that if the US Congress and President take proactive steps to clarify crypto regulations and advocate for the sector, it would drive China to accept crypto. China has historically maintained strict regulations on digital assets but may eventually open up to regulated stablecoins to facilitate cross-border trade. Stablecoins have been recognized for their potential to enhance cross-border payments and have seen significant growth in adoption in emerging and developing economies.
- Content Editor ( cryptoslate.com )
- 2024-11-14
Hashkey CEO says Trump administration could influence China to accept Bitcoin