With this decision by China, which completely banned cryptocurrencies in 2021, #HashKey CEO was also added to those who believe in people. Xiao Feng, CEO of the Hong Kong-based cryptocurrency company, stated that China's bans in the US could be lifted.
“They can push China” Stating that the US making crypto laws and regulations clearer could also trigger China, Feng said: “If the new President Trump and Congress create clear and clear laws and allow the industry to progress, this situation will also trigger China. It has also changed the perspectives on crypto, which allowed Western sanctions to target Russia. These factors could enable China's bans to be lifted. If the Ukraine war and the US elections are paying, it would take at least 5-6 years for China to lift the bans, in my opinion this period may be reduced to 2 years” “The best stablecoins for cross-border” Hashkey CEO, who said that stablecoin adoption is also increasing rapidly in the world, said, “In my opinion, stablecoins are the best crypto solution for cross-border transfers. Both fast transfer and cheap transaction costs are the biggest reasons.”
Hong Kong, which was copied, regulated cryptocurrencies with new laws in place in June last year. Hong Kong, where Bitcoin and Ether spot ETFs are also opened, is known to have crypto transactions, especially in China. Although Hong Kong is dependent on China in foreign affairs, it is known for being economically autonomous.
Last year, TRON founder Justin Sun also said that China would lift crypto bans and that he knew the new bull season would be like this.