Summary
- Changpeng Zhao, former CEO of Binance, mentioned the possibility of China adopting Bitcoin as a strategic reserve asset.
- He explained that China is expected to follow the Bitcoin strategy of the U.S. Trump administration.
- It was stated that China has the ability to quickly implement policies related to cryptocurrencies.
According to Cointelegraph, a cryptocurrency-focused media outlet, Changpeng Zhao, former CEO of Binance, stated at the Bitcoin (BTC) MENA Conference held in Abu Dhabi that "China will likely be one of the countries to adopt Bitcoin as a strategic reserve asset."
He explained, "China is expected to follow the footsteps of the BTC strategic reserve asset strategy being pursued by the Trump administration," adding, "While it is difficult to predict the exact stance of the Chinese government, it seems they are observing whether to adopt the BTC strategic reserve asset strategy, which is one of Trump's pledges."
Furthermore, he added, "China can swiftly implement policies related to cryptocurrencies if they decide to do so."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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