US President-elect Donald Trump’s pledge to support the cryptocurrency sector could provide a fresh impetus for mainland China to revitalise its digital-asset market, according to an industry veteran, as tech competition between the two countries continue to escalate.
“If the US Congress and the [incoming] president make crypto policies clear, constantly legislate and promote the industry, it would certainly be a driving force for China to accept [cryptocurrencies],” HashKey Group chairman and chief executive Xiao Feng said in an interview with the South China Morning Post last week.
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