At the Shanghai Cooperation Organization (SCO) summit in Tianjin, held under the presidency of China’s Xi Jinping, Russian President Vladimir Putin did not emphasize cryptocurrency issues.
Lack of Focus on Cryptocurrency
There was no direct focus on cryptocurrencies and DeFi technology at the summit, which did not have significant impacts on major cryptocurrency exchanges. The primary attention was given to economic cooperation between Russia and China.
Economic Discussion and Stability
No financial, regulatory, or technological changes regarding cryptocurrencies were reported. Analysts note market stability, indicating low volatility in response to the summit's discussions.
Summit Outcomes and Significance
Similar SCO meetings in the past have addressed topics such as de-dollarization and local digital currencies. However, current discussions did not include significant references to blockchain technology. Experts from Kanalcoin indicate that the lack of cryptocurrency dialogue aligns with Russia and China's traditional focus on broader geopolitical strategies.
The SCO summit in Tianjin, centered on economic cooperation, demonstrated a disinterest in cryptocurrencies, emphasizing the priority of traditional economic issues over digital assets.
