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BTCC / BTCC Square / Global Cryptocurrency /
Trump’s Crypto Commentary Highlights China’s Paradoxical Stance

Trump’s Crypto Commentary Highlights China’s Paradoxical Stance

Author:
Global Cryptocurrency
Published:
2025-11-04 11:31:01
14
3
BTCCSquare news:

Former President Donald Trump's recent remarks on China's crypto ambitions reveal a complex geopolitical narrative. Despite Beijing's 2021 ban on cryptocurrency trading and mining, Trump framed China as America's principal digital asset rival during a November 2 interview with 60 Minutes. The apparent contradiction stems from conflating three distinct elements: Hong Kong's regulated virtual asset market, the People's Bank of China's digital yuan project, and underground stablecoin flows.

Hong Kong's Securities and Futures Commission announced relaxed rules for licensed VIRTUAL asset platforms during FinTech Week, effectively creating a regulatory sandbox just one day after Trump's comments. This move strengthens Hong Kong's ties to global crypto liquidity pools while mainland China maintains its prohibition. The PBOC's September 2021 ban remains operational, criminalizing all cryptocurrency transactions and mining operations.

|Square

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