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Alibaba executive vice-chairman says he likes crypto amid ban in China

News Snapshot:

Joe Tsai, the executive vice-chairman of e-commerce giant Alibaba, has come out to reveal that he likes crypto. Tsai, who is the owner of NBA team Brooklyn Nets, shared his love for the nascent asset class through a tweet earlier today, simply saying he likes crypto. In response, Binance founder and CEO Changpeng Zhao tweeted that he likes Joe. Notably, Tsai professed his fondness for digital assets after China banned all crypto-related transactions in September. However, it is not clear what Tsai meant by crypto, seeing as he initially hinted at the idea of issuing fan tokens and non-fungible tokens…

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