China’s Potential Crypto Ban Reversal Grows Amid Trump’s Policy Shift

China’s Ban in Focus Post-Trump Victory

In 2021 China banned crypto, stopped trading and mining. But HashKey’s Feng says that clear and supportive crypto policies in the US, including regulatory clarity from Congress, could be a model for China to get back into digital assets. Feng says over the next 2 years China may relax restrictions and align with the global trend of digital finance.

https://twitter.com/theparadiselive/status/1856976625557987715

Key Points to Watch:

• Feng sees a possible two-year window for China’s policy shift.

• The U.S. policy environment could strongly influence China’s crypto approach.

• Global market growth and U.S. policy shifts bring renewed attention to China’s crypto future.

Market Sentiment Boosts Crypto Prospects in Asia

Along with China’s potential policy change, recent China economic moves may also support the crypto market. China’s large government debt issuance and increased subsidies for low income citizens is a stimulus push. Many think these moves and the global crypto boom will reshape the overall financial landscape in Asia even with China’s current crypto ban.

https://twitter.com/CryptoKothi/status/1856978840817398166

The broader market’s upsurge led by Bitcoin’s new all time high of $93,000 is partly due to institutional FOMO (fear of missing out) after Trump’s election. Global crypto market cap recently crossed $3 trillion driven by institutional interest which could support China’s entry into the crypto space.

Future Outlook: Will China Ease Its Crypto Stance?

As the global crypto market grows, everyone is watching China. According to Feng, if the US gets a supportive crypto framework, China will follow and it will be a domino effect across Asian markets. This could be a big change in the crypto landscape with China’s participation giving a boost to the already hot digital asset market.