Solana Co.'s Chee: China Will Find a Way to Manage Crypto

Joseph Chee, executive chairman of Solana Co., believes China will eventually find a way to manage cryptocurrency despite strict regulations.

Chee thinks that if China reopens its crypto market, it could lead to a surge in demand for SOL, but notes that the government could restrict access to most individuals.

China banned initial coin offerings and crypto fundraising in 2017 and prohibited domestic transactions in 2021.

However, Hong Kong introduced a licensing regime for retail crypto investors in 2023, allowing platforms like OSL to facilitate retail trading.

Chee suggests that the dual-track approach of mainland China maintaining strict regulations while Hong Kong experiments with looser rules could be a testing ground for potential changes in mainland policy.