China could help drive the next major crypto rally if its government eases concerns over financial risks and capital controls, according to Joseph Chee, CEO of a Solana-focused company.
Chee said on Oct. 6 that Chinese authorities are closely watching blockchain technology but remain cautious about its impact on capital flows. He said a shift in that approach could help trigger a crypto “supercycle.”
China Weighs Crypto Risks
Chee said China could eventually allow wider crypto trading if officials can manage the risk of capital leaving the country. He did not provide a timeline for any policy change.
