RATE Group | China’s Attitude to Crypto Can’t Change Significantly in the Short Term: Expert
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China’s Attitude to Crypto Can’t Change Significantly in the Short Term: Expert

30 Apr China’s Attitude to Crypto Can’t Change Significantly in the Short Term: Expert

Posted at 06:48h in Cryptocurrency News by

The attitude of the Chinese government towards crypto cannot change significantly in the short term, according to an expert.

Ivan Plantonov, an analyst at Chinese-led international information service provider and investment research firm, EqualOcean, told Cointelegraph on April 29 that he does not expect the Chinese government to change its stance towards cryptocurrencies too rapidly. 

He expressed the stance of his company:

“We don’t think that China’s attitude toward cryptocurrencies can change significantly in the short term. At the moment, the country is mostly emphasizing […] industrial and business applications of DLT. “

Chinese government opens to crypto mining

Still, Plantonov admitted that the recent measures taken by Chinese officials are “ probably the first time since 2018 when the local administration directly supports blockchain mining during high-flow seasons.” He explained that the change was initiated by Chinese President Xi Jinping’s call for the country…

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