Donald Trump's victory in the U.S. election has sparked discussions regarding China's cryptocurrency policies. Notably, Xiao Feng, CEO of HashKey Group, indicated that Trump's pro-crypto stance might encourage Beijing to reconsider its ban on digital currencies. If Trump's administration provides regulatory clarity in the U.S., China could respond by easing its restrictions.
Xiao Feng highlighted that Trump's direction could have an implicit effect on China's approach to digital assets. This potential shift underscores the interconnected nature of global crypto policies and their dependency on leading economies' strategies.
As Trump’s administration could revise U.S. regulatory frameworks, it might set a precedent for other nations, particularly influencing Chinese decisions regarding the cryptocurrency sector. This situation is being closely monitored by crypto leaders and policymakers globally.
