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Phyrex|Feb 09, 2025 09:42
Last night, I had a dinner with a legal tycoon. During the dinner, I talked about Chinese Mainland's view on cryptocurrency, which has gone from a pure "fraud" to a "need to study carefully". Especially after the United States fully supported BTC and cryptocurrency, China has been paying attention to "why did the United States do this" from the top
The following words are what I said myself.
At present, the biggest problem between China and cryptocurrency is the problem of foreign exchange control. If cryptocurrency is compliant in Chinese Mainland, how to solve the problem of foreign exchange? A small partner once said that CBDC and BTC can be used to set up trading pairs, but this is actually how to verify the source of BTC, and how to manage buying BTC with CBDC and then transferring it to overseas sales.
So in essence, foreign exchange control countries do not want to regularize cryptocurrencies. Therefore, if Chinese Mainland is likely to open up, that is, in Hong Kong, the mainland itself will be very difficult, but mining is another story.
This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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