- Justin Solar commented on the necessity for China to undertake crypto-friendly insurance policies.
- Solar's submit got here following President Donald Trump's recognition of the realm as a nationwide sanctuary.
- China banned cryptocurrencies in 2021, viewing digital belongings as dangerous.
TRON DAO founder Justin Solar lately shared an X-post urging China to push forward with its cryptocurrency insurance policies. Solar's feedback got here at a time when former US President Donald Trump has endorsed Bitcoin as a nationwide reserve.
China
Since President Trump promoted Bitcoin, the U.S.
Insurance policies are warming. China ought to make additional progress on this space. Competitors between China and the US on Bitcoin coverage will profit the whole business.
— HE Justin Solar 孙ゆ晨 (@justinsuntron) July 28, 2024
China imposed restrictions on cryptocurrencies in 2017, labelling digital belongings as dangerous, after which the nation banned them in 2021. In keeping with the Folks's Financial institution of China (PBOC), the crypto ban is aimed toward combating the inherent dangers related to the sector and bringing monetary stability.
The Folks's Financial institution of China banned cryptocurrency transactions whereas arguing that cryptocurrencies act as a driving drive…
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