Republican

Shift

Victory

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/hashkey-ceo-predicts-potential-shift-in-chinas-crypto-regulations-following-trumps-victory/" data-wpel-link="internal" rel="noopener noreferrer nofollow">HashKey CEO Predicts Potential Shift in China’s Crypto Regulations Following Trump’s Victory</a><br></p>
<p style="text-align: justify">Xiao Feng, CEO of Hong Kong-based <a href="https://en.coin-turk.com/coinbase-clo-clarifies-fdics-stance-on-crypto-banking/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> exchange HashKey, indicated that Donald Trump winning the U.S. elections could increase the likelihood of China lifting its crypto ban. According to Feng, a Republican victory may open the door for China to adopt a new approach in the digital asset space.</p>
<h2 style="text-align: justify" id="trump-s-victory-sparks-activity-in-crypto-markets">Trump’s Victory Sparks Activity in Crypto Markets</h2>
<p style="text-align: justify">Following Donald Trump’s victory in the U.S. elections, a significant rise was observed in the American <a href="https://en.coin-turk.com/bitfinex-resolves-trading-issue-resumes-crypto-transactions-swiftly/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>. This development created a positive atmosphere among global investors and generated overall momentum within the crypto market. Feng noted that similar effects could potentially unfold in China.</p>
<p style="text-align: justify">Xiao Feng mentioned that if the U.S. administration provides clarity on crypto policies and increases support for the sector, China’s stance towards cryptocurrencies could change. The situation could represent a turning point for China, which banned crypto transactions in 2021, to align itself with a new international crypto framework.</p>
<h2 style="text-align: justify" id="global-crypto-market-surge">Global Crypto Market Surge</h2>
<p style="text-align: justify">After the U.S. elections, Bitcoin reached the $93,000 mark, while significant increases were also observed in the <a href="https://en.coin-turk.com/benjamin-cowen-analyzes-bitcoins-future-performance-against-altcoins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoin</a> market. According to a report by CoinGape Media, during this period, the global crypto market value exceeded $3 trillion. This growth is attributed to Trump’s influence as well as the rising interest from institutional investors.</p>
<p style="text-align: justify">The Chinese government’s decision to increase its economic stimulus package positively impacted the crypto market. The government’s actions to boost debt issuance and provide subsidies to low-income citizens created a revival in the markets.</p>
<h2 style="text-align: justify" id="could-china-reconsider-its-stance">Could China Reconsider Its Stance?</h2>
<p style="text-align: justify">The growing activity in the Asian market has brought the possibility of China easing its crypto ban back into focus. A reassessment of China’s approach towards cryptocurrencies could lead to new investment opportunities in Asia and signal potential growth in the digital asset market.</p>
<p>The post <a href="https://en.coin-turk.com/hashkey-ceo-predicts-potential-shift-in-chinas-crypto-regulations-following-trumps-victory/" data-wpel-link="internal" rel="noopener noreferrer nofollow">HashKey CEO Predicts Potential Shift in China’s Crypto Regulations Following Trump’s Victory</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

HashKey CEO Predicts Potential Shift in China’s Crypto Regulations Following Trump’s Victory

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