Sino-U.S. Competition Extends to the Cryptocurrency Realm

U.S. President Donald Trump voiced his dedication to maintaining America’s supremacy in the realm of cryptocurrencies. In his eyes, digital assets represent a pivotal component within the broader U.S.– China tech rivalry. While Beijing adopts a cautious stance toward virtual assets, Hong Kong has positioned itself as a flourishing center for crypto investors and developers. The underlying question persists: will the digital age predominantly leverage the U.S. dollar or the Chinese yuan? Hong Kong recently loosened its restrictions, enabling licensed virtual asset trading platforms to forge direct connections with global crypto exchanges. This move extends to listing fresh digital assets…