Hong Kong will likely remain the main testing ground for China’s approach to crypto, says Solana CEO Joseph Chee. China banned crypto trading and mining in 2017 and 2021, but Chee predicts Beijing will eventually allow more activity under close regulation. While China tightens controls, Hong Kong introduced a licensing system in 2023 to allow approved platforms to serve individual investors.
South Korea offers a contrasting model, allowing widespread retail trading with capital controls and exchange oversight. Chee notes Korea’s system is 'way better than China' for balanced oversight. Despite Asian regulatory divergence, the U.S. is moving quickly to set crypto rules.
Chee remains upbeat on long-term outlook, citing investor shift away from dollar and government debt amid fiscal concerns. For Solana users, Chee sees the network reaching 1 billion monthly active users within five years, stating 'once you get to a certain scale, you’re going to attract even more.'.
来源: Wall Street Journal Markets · 由HeadlinesBriefing整理摘要