Related: DeFi Development Authorizes CHAD Buyback as Solana Treasury Expands
Solana CEO Says China Crypto Reopening Could Spark Next Supercycle
Related: DeFi Development Authorizes CHAD Buyback as Solana Treasury Expands
Cryptonews.net
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Oct 7, 2026 at 1:30 AM UTC · Updated 3 gün önce · 1 dk okuma
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solana
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SOL-0.71%$109.8
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3 gün önce
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“The Chinese government is watching the technology development very, very closely,” Chee said, pointing to Hong Kong as a possible testing ground for China’s approach to digital assets.
Hong Kong Takes Different Approach
Hong Kong allows licensed platforms to offer virtual-asset services, while mainland China continues to restrict crypto trading. Chee’s comments therefore point to a possible policy shift rather than a reopening of China’s crypto market.
He said blockchain could also support companies and cross-border trade if authorities can keep the risks under control.
Solana moved from $102.43 to $109.8 over the last 30-day period, a gain of 7.2 percent.
Source: Kraken · NewsLayer Markets · Updated birkaç saniye önce
The Solana Foundation has separately launched a delivery-versus-payment program focused on settlement between financial assets and digital tokens. The initiative does not indicate that China has adopted Solana.
Chee also cautioned that greater crypto use would not eliminate market risks. “Volatility is going to be a big part of it,” he said.
Related: FPIs Are Selling India Despite Strong Growth: What It Means for Indian Crypto Traders
Follow the Story
- Oct 7Solana CEO Says China Crypto Reopening Could Spark Next Supercycle
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- Oct 7Solana CEO Says China Crypto Reopening Could Spark Next Supercycle
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Originally reported by Cryptonews.net
NewsLayer coverage based on externally reported material.
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