Tron CEO Justin Sun believes that China will ease and open up regulations for cryptocurrencies.
The Chinese government has been taking a tough stance on cryptocurrencies since its crackdown on cryptocurrency mining in May 2021. On September 24, China declared all cryptocurrency transactions illegal. Justin Sun is among those who believe that this attitude will be softened.
Tron CEO: China Will Be Friendly To Crypto
Tron CEO Justin Sun said in a recent interview with Bloomberg that he thinks China will change the way he looks at cryptocurrencies.
Sun, who has been on the agenda recently with the Huobi relationship, conveyed his views on the crypto money industry in an interview; He reminded that many cryptocurrencies hit the bottom due to uncertain market conditions and tightening in monetary policies in the USA. According to Sun, now is one of the best times to return to the cryptocurrency market.
Tron founder Justin Sun thinks China will become more crypto-friendly. He tells @emilychangtv why https://t.co/a1LbcXRXL0 pic.twitter.com/MtJJytnd99
— Bloomberg Crypto (@crypto) October 15, 2022
Stating that he believes China will take a friendlier stance soon despite being anti-crypto, the Tron founder also said that he thinks anti-crypto narratives should be tempered before moving to central bank digital currency (CDBC) applications.
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