Recently, negotiations between the USA and China have become one of the most discussed topics in the financial world, and the cryptocurrency market has not been left out. Against the backdrop of global economic instability and increasing pressure on digital assets, both superpowers are trying to find points of convergence that could significantly impact the crypto industry.
Key topics of the negotiations.
According to the statements of representatives from both sides, the negotiations concerned the following key aspects:
Cryptocurrency regulation: The issue of increasing control over digital assets has become one of the central topics of discussion. The USA insists on stricter regulatory measures to prevent money laundering and the financing of terrorism through crypto systems.
CBDC (Central Bank Digital Currencies): China is actively developing the digital yuan, which raises concerns in the USA. In response, the American side is considering accelerating the development of a digital dollar.
Impact on mining: China, which previously dominated the cryptocurrency mining sphere, is seeking to restore its influence, but under strict state control. The USA, on the other hand, supports the decentralization of mining.
Impact on the crypto market
After the negotiations concluded, the crypto market reacted in mixed ways:
Bitcoin: Initially, the BTC rate fell amid statements about possible increased regulation but then stabilized due to announcements about the development of digital assets.
Ethereum: ETH showed growth against rumors that China might use smart contracts for government projects.
Stablecoins: Increased control from the USA has caused concern among stablecoin issuers such as USDT and USDC.
Prospects.
Experts agree that the further development of events will depend on the ability of the USA and China to find a compromise on issues of cryptocurrency and digital asset regulation. In any case, the crypto market expects increased volatility amid uncertainty in international politics and the economy.