‘Inevitable’ – Tether Co-Founder Says China Is Going To Open Up to Crypto: Report

‘Inevitable’ – Tether Co-Founder Says China Is Going To Open Up to Crypto: Report


The co-founder of Tether (USDT), the world’s largest stablecoin by market cap, reportedly says it’s “inevitable” that China will reverse course and open up to crypto assets.

According to a new report by the South China Morning Post, Tether co-founder Brock Pierce says that China – which banned all crypto-related commercial activity years ago – will eventually recognize digital assets as legitimate.

“Is China going to open up [to cryptocurrencies]? … I’d say it’s inevitable. The question is not so much if, it’s a matter of when.”

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Pierce goes on to note that he’s also interested in Hong Kong as its financial authority, the Securities and Futures Commission (SFC), recently passed clear crypto guidelines for investors, also pointing out the region has potential

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