Solana Co. CEO Joseph Chee Forecasts Future Crypto Regulation in China

Solana Co. CEO Joseph Chee stated during Korea Blockchain Week that he expects China to eventually find a way to manage cryptocurrency activity under strict regulation, with Hong Kong likely serving as a primary testing ground. While China previously banned domestic exchanges and token fundraising in 2017, Chee's outlook highlights ongoing industry interest in the region. Separately, China's Ministry of State Security recently warned that crypto anonymity is an illusion used by foreign intelligence for espionage recruitment.