Solana Company chairman sees China gradually allowing crypto under regulation

Joseph Chee, chairman of Solana Company, said at Korea Blockchain Week that China’s sustained interest in cryptocurrency suggests the government will eventually find a way to manage and regulate the sector rather than maintain a blanket ban. Chee cited continued interest in crypto among investors, academics, and developers in China despite regulatory pressure. Chee added that Beijing’s concerns are centered on speculation, fraud, capital flight, and financial instability, making oversight and supervision a more realistic option than a full ban, although a policy shift does not appear imminent and could take considerable time.

Source: Coinness