Tron (TRX) Blockchain network founder Justin Sun will one day be based in Hong Kong. cryptocurrency exchange said it did not rule out the possibility of acquiring Huobi Global and perhaps even bringing the exchange back to mainland China.
Tron Founder Justin Sun Is “Despite Everything” Optimistic About The Future Of Cryptocurrencies In China
Sun, one of five advisors on Huobi’s global advisory board, said the return of his cryptocurrency exchange to China would depend on the Chinese government changing its stance on cryptocurrencies and would require “comprehensive stock market due diligence”.
“We may have a chance to buy Huobi in the future, but not this time,” Sun said in a statement.
The Tron founder spoke days after Hong Kong-based About Capital announced its plans to acquire Huobi, a major crypto exchange across Asia.
In August, Huobi founder Leon Li said he wanted to sell the majority of his shares in the stock market for $3 billion, Bloomberg reported. It has been reported that Sam-Bankman Fried, the founder of FTX, also showed interest in the stock market, but it did not come to fruition.
Whoever owns Huobi, China’s plans will depend on a change in the mindset of the country’s leaders. In September 2021, China’s regulators banned cryptocurrency trading, pushing most crypto exchanges out of the country, including Huobi.
Still, China’s latest ban is legitimate in the country. bitcoin Even after completely eliminating mining, Sun remains “optimistic” about the cryptocurrency industry in China. According to him, crypto is a “world trend” that cannot be isolated:
“Therefore, China will definitely be one of the strongest players in the Blockchain industry.
Even if there are some glitches or regulatory hurdles in the short term. In the long run, I am extremely optimistic.”
*Not investment advice.
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