Eric Trump praised the significant role of China in shaping the cryptocurrency industry on Friday.
During the Bitcoin Asia event in Hong Kong on Friday, Trump commended about China and Hong Kong’s influence on the cryptocurrency sector. Despite China’s ban on institutional crypto trading and exchanges since 2017, Trump recognized the country’s substantial impact on the industry.
Trump also acknowledged the Middle East for its “massive” embrace of cryptocurrency and the rapid growth in the sector. He further expressed admiration for the enthusiasm for the industry in several South American countries.
He pointed out that despite China’s restrictions on crypto-related transactions, owning cryptocurrency remains legal …