Billionaire Justin Sun Expect China to Shift Its Policy on Crypto.
China is expected to change its stance on cryptocurrencies after banning these digital assets last year, according to billionaire Justin Sun.
The Shift Could Begin As Soon As Possible
A crypto policy change in China could begin as early as next month, says the founder of the Tron blockchain network in an interview with Bloomberg TV.
“Definitely for the crypto policy in China, I’m optimistic. China is facing a big change I think in the next month or two. I think after the new leadership, we will definitely see a lot of change in the economic policies and even for lots of industry policy,” he said.
“And I believe crypto and the blockchain is definitely on the table,” added him.
Return to China If The Policy Changes
He recently joined the advisory board for Huobi Global, which was once China’s largest cryptocurrency exchange. He wants the company to return home under the new policy. Additionally, Sun says he is one of Huobi’s top token holders.
“Yes, I own lots of HT tokens for sure. I will say tens of millions. Some of it I already owned before I became an advisor since I used HT since day one,” he said.
“When Huobi first founded in 2013, I started to accumulate HT on my own. But right right now, I will definitely see myself as one of the biggest HT holders,” he added.
As previously reported, Huobi founder Leon Li sold his shares to Hong Kong-based asset management firm About Capital Management, which then formed Huobi’s advisory board, which includes About Capital CEO Ted Cheng and Tron founder Justin Sun.
I am very honored to be appointed as a member of the Global Advisory Board of @HuobiGlobal and work with industry, academic, and policy leaders to help guide and grow this innovative, vibrant, and resilient organization in its latest chapter of global expansion. Full sail ahead. https://t.co/txZspJaV4Q
— H.E. Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) October 9, 2022
“I am very honored to be appointed as a member of the Global Advisory Board of @HuobiGlobal and work with industry, academic, and policy leaders to help guide and grow this innovative, vibrant, and resilient organization in its latest chapter of global expansion. Full sail ahead,” tweeted Justin Sun.
Following the announcement, Huobi’s native token, HT, has surged in value.