HashKey Group chairman, Xiao Feng, believes that US President-elect Donald Trump's pro-crypto stance could lead to China reconsidering its position on digital assets. Xiao suggests that if the US commits to promoting the cryptocurrency sector, it could accelerate Beijing's adoption of crypto businesses. Despite China's ban on crypto trading, mining, and initial coin offerings, geopolitical factors such as the US-led sanctions on Russia could encourage a shift in China's stance. Trump had pledged during his campaign to position the US as a global leader in the crypto space, and Xiao sees this as a potential catalyst for change in China. However, there is no indication that Beijing is shifting away from its state-controlled digital currency.



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