“Trump’s plan to make the US a cryptocurrency hub would be a significant wake-up call to China by shifting (crypto innovation) leadership further to the US, fostering economic integration of cryptocurrencies and promoting decentralized financial systems outside China’s control,” said Han Shen Lin, TAG China Country Director. Other countries – not only China – must develop “more open regulatory frameworks to attract capital flows” if they hope to keep pace with US ambitions under Trump, Han said. “As a global crypto hub, the US would further consolidate economic dominance by reinforcing USD supremacy, attracting capital flows and leading the next wave of innovation,” he added.
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TAG China Country Director Han Lin Comments on the SCMP How Trump’s Aspiration to Make the U.S. “Crypto Capital of the World” Could Challenge China
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