Donald Trump

President Trump

TRON

<a href="https://bitcoinworld.co.in/tron-founder-justin-sun-urges-china-to-lift-crypto-ban/" title="TRON Founder Justin Sun Urges China to Lift Crypto Ban" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400"><a href="https://bitcoinworld.co.in/tron-to-enable-gas-free-stablecoin-transfers-in-q4-2024/" rel="noopener noreferrer nofollow">TRON</a> Founder Justin Sun has encouraged China to reverse its stance against crypto and lift the ban.</li>
 <li style="font-weight: 400">The remark came after Donald Trump vowed to make the U.S. the world’s crypto capital.</li>
 <li style="font-weight: 400">China declared all crypto-related transactions illegal in 2021.</li>
</ul>
TRON founder Justin Sun has urged China to follow in the steps of the U.S. and embrace cryptocurrencies through friendly policies.
The outspoken crypto mogul’s comment comes after presidential aspirant Donald Trump advanced his pro-crypto campaign at Bitcoin 2024 on Saturday and vowed not to let China “dominate” the burgeoning global digital asset industry.
<h3 id="span-style-font-weight-400-sun-s-take-on-china-s-crypto-policy-span">Sun’s Take On China’s Crypto Policy</h3>
In an <a href="https://twitter.com/justinsuntron/status/1817445987620987128" rel="noopener noreferrer nofollow">X</a> (formerly Twitter) post on July 28, Justin Sun called on China to “step up” and make progress toward regulating cryptocurrencies.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 China <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e8-1f1f3.png" alt="🇨🇳" class="wp-smiley" style="height: 1em; max-height: 1em;"> also needs to step up. Since President Trump pushed for Bitcoin, U.S. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> policies have warmed. China should make further progress in this area. Competition between China and the U.S. in Bitcoin policy will benefit the entire industry. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f44f.png" alt="👏" class="wp-smiley" style="height: 1em; max-height: 1em;">
 — H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1817445987620987128?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 28, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
“Since President Trump pushed for Bitcoin, U.S. policies have warmed. China should make further progress in this area. Competition between China and the U.S. in Bitcoin policy will benefit the entire industry,” Sun wrote.
China broadened its crypto clampdown in 2021 when the People’s Bank of China (PBOC) declared all digital asset-related transactions illegal and made it clear that exchanges were no longer welcome to do business in the country.
Earlier this month, Justin Sun implied that China was poised to flip on this stance following his legal victory against Chongqing Business Media Group.&nbsp;
The court found the media group’s claims of Sun being suspected of insider trading and being investigated by the FBI to be “entirely unsubstantiated.”
Terming it “very important,” Sun said the legal victory was a big win for the industry because “cryptocurrency has long been seen as a grey area in China.” According to Sun, the Chinese court gave some legitimacy to crypto.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

TRON Founder Justin Sun Urges China to Lift Crypto Ban

Съдържание

ItsBitcoinWorld

Други статии, публикувани на 29.07.2024 г.

Exploration of the CET Tokenomics and CoinEx Ecosystem Development

Bitcoin 'Super Cycle' Will Cause Daily Pumps Of 10-30%, Trader Predicts: 'Until Then, Every Dip I...

The CFTC has secures a $31 million fine against Abner Tinoco and his company

BlackRock Sees Low Demand for Other Cryptos Other Than Bitcoin and Ethereum

Ondo Finance Backed By Coinbase Soars 8% On Major Listing

XRP Price Prediction: Will XRP Price Break The $0.60 Resistance Level TODAY?

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!