Bank

President Trump

TRON

<ul class="news-points">
 <li><strong>Justin Sun comments on the need for China to embrace crypto-friendly policies.</strong></li>
 <li><strong>Sun’s post comes following Donald Trump’s endorsement as a national reserve.</strong></li>
 <li><strong>While China has banned crypto in 2021, addressing digital assets as harmful.</strong></li>
</ul>
<p>TRON DAO Founder Justin Sun recently shared an X post advocating China to advance its crypto policies. Sun’s comment came amidst former US President Donald Trump’s endorsement of Bitcoin as a national reserve.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">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;"></p>— H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1817445987620987128?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>China <a href="https://www.reuters.com/technology/bruised-by-stock-market-chinese-rush-into-banned-bitcoin-2024-01-25/#:~:text=While%20cryptocurrency%20is%20banned%20in,over%2Dthe%2Dcounter%20channels." target="_blank" rel="noopener noreferrer nofollow">imposed restrictions</a> on cryptocurrencies in 2017, addressing digital assets as harmful. Subsequently, in 2021, the country banned cryptocurrencies. According to the People’s Bank of China (PBOC), the ban on cryptocurrency aims to fight the inherent risks associated with the sector and thereby bring financial stability.</p>
<p>While putting a ban on crypto trading, the PBOC posited that cryptocurrencies act as a drive…</p>
<p>The post <a href="https://coinedition.com/justin-sun-advocates-china-to-embrace-crypto-friendly-policies/" rel="noopener noreferrer nofollow">Justin Sun Questions China’s Crypto Ban While US Braces for Crypto Lead&nbsp;</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Justin Sun Questions China’s Crypto Ban While US Braces for Crypto Lead

Coin Edition

Andre artikler udgivet 28. jul. 2024

Bitcoin Conference: Here are The Major Highlights From The Event

Donald Trump Renews Hope for Ross Ulbricht’s Freedom

Will WIF Hit $10? Top Meme Coin Presale and Dogwifhat Price Prediction

Trump Endorses Bitcoin for US Reserve Asset, Aimed at Replacing Gensler

Major Win for CFTC Fraud Case: $31M Fine in Crypto Fraud

Casper Network Halts Operations to Address Security Breach

Join our free newsletter for daily crypto updates!