{"id":31860,"date":"2024-06-04T08:46:01","date_gmt":"2024-06-04T08:46:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tether-co-founder-brock-pierce-predicts-chinas-crypto-embrace\/"},"modified":"2024-06-04T08:46:01","modified_gmt":"2024-06-04T08:46:01","slug":"tether-co-founder-brock-pierce-predicts-chinas-crypto-embrace","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tether-co-founder-brock-pierce-predicts-chinas-crypto-embrace\/","title":{"rendered":"Tether Co-Founder Brock Pierce Predicts China’s Crypto Embrace"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Brock Pierce, co-founder of Tether (USDT), the world\u2019s leading stablecoin by market cap, believes China will eventually welcome crypto assets. Despite China\u2019s past bans on all crypto-related commercial activities, Pierce sees a future where digital assets gain recognition.<\/p>\n

\u201cIs China going to open up [to cryptocurrencies]? \u2026 I\u2019d say it\u2019s inevitable. The question is not so much if, it\u2019s a matter of when,\u201d<\/em> Pierce stated in an interview with the South China Morning Post.<\/p>\n

Hong Kong\u2019s Leading Role<\/h2>\n

Pierce also highlighted Hong Kong\u2019s proactive stance in the spot Bitcoin<\/a> and crypto space. The Securities and Futures Commission (SFC) recently introduced clear guidelines for crypto investors, setting the stage for significant advancements in trade finance.<\/p>\n

\u201cI think Hong Kong is ahead in many ways. I think the main opportunity in Hong Kong is in tradefi and that\u2019s where a Hong Kong digital dollar stablecoin has tremendous potential,\u201d<\/em> Pierce added.<\/p>\n

While Hong Kong advances, cryptocurrency exchanges connected to China\u2019s mainland encounter difficulties. Due to the strict requirements that the SFC implemented last year, several people in Hong Kong have withdrew their applications for licenses. Furthermore, according to the SFC, authorized digital asset exchanges in Hong Kong shouldn\u2019t cater to Chinese nationals living on the mainland.<\/p>\n

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The combination of Hong Kong\u2019s transparent regulations and Pierce\u2019s hope for China\u2019s ultimate embrace of cryptocurrencies points to a complicated but bright future for digital assets in the area.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Brock Pierce, co-founder of Tether (USDT), the world\u2019s leading stablecoin by market cap, believes China will eventually welcome crypto assets. Despite China\u2019s past bans on all crypto-related commercial activities, Pierce sees a future where digital assets gain recognition. \u201cIs China going to open up [to cryptocurrencies]? […]<\/p>\n","protected":false},"author":34,"featured_media":31861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31860"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31860"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31861"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}