China has shut down its cryptocurrency industry, but Trump may ease restrictions

It has been predicted that Donald Trump, who was elected as the 47th President of the United States, may pressure China to ease regulations on cryptocurrencies.
According to Daily Ho, Xiao Feng, CEO of Hong Kong-based regulated cryptocurrency financial services company Hashimoto Group, said he will be taking on the role of CEO of South
In an interview with the China Morning Post (SCMP), he said, "The next Donald Trump administration may pressure China to ease its hostile stance toward virtual currencies."
"If the U.S. Congress and the president clarify their cryptocurrency policy and actively support the related industry, the possibility of China accepting cryptocurrencies will also increase," he said.
"There is a possibility that stablecoins could open up the virtual currency market in mainland China."