Bank

Bitcoin

TRON

<a href="https://optimisus.com/market/market-news/is-justin-sun-htx-exchange-at-risk-of-becoming-the-next-sbf-analyst-warns/" rel="noopener noreferrer nofollow">Justin Sun, the founder of TRON DAO</a>, has voiced his endorsement for China to enhance its cryptocurrency regulations in response to US President Donald Trump's backing of Bitcoin as a national reserve.  
In 2017, China implemented regulations on crypto, classifying them as detrimental, and in 2021, they prohibited their use in order to mitigate inherent dangers and foster financial stability.  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 https://twitter.com/justinsuntron/status/1817445987620987128
 </div>
</figure>  
The People's Bank of China (PBOC) contends that cryptocurrencies facilitate illicit financial activities and must be curtailed to mitigate capital outflows from China.  
Sun's statement was made in the context of the varied opinions on crypto among US political figures, which include Trump's support for Bitcoin as the country's strategic reserve. He advocated for China to embrace comparable crypto-friendly policies, adding that China should advance further in this domain.  
Sun achieved a legal triumph in the People's Bank of China (PBOC), indicating a potential change in mainland China's stringent cryptocurrency regulations.  
The recent triumph of Sun in the PBOC indicated a potential change in mainland China's cryptocurrency policies, underscoring the increasing embrace of cryptocurrency in China. 
The post <a href="https://optimisus.com/market/market-news/justin-sun-comments-on-the-need-for-china-to-embrace-crypto-friendly-policies/" rel="noopener noreferrer nofollow">Justin Sun comments on the need for China to embrace crypto-friendly policies</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Justin Sun comments on the need for China to embrace crypto-friendly policies

Optimisus

Inne artykuły opublikowane 28 lip 2024

MAGA and TREMP Prices Surge Ahead of Trump’s Bitcoin Conference

Crypto Market: FOMC & Jerome Powell’s Speech In Focus Amid Fed’s Rate Cut Talks

Polkadot (DOT) Price Prediction for 2024,2025, 2030, 2035

Teen Nabbed in HK$11M Hong Kong Crypto Fraud

Casper Network suffers security breach, shuts down operations

Market Sees Potential XRP Growth

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!