Former Chinese Vice Minister of Finance Zhu Guangyao has urged China to reassess its stance on cryptocurrencies, referencing recent U.S. regulatory changes.
Speaking at an economic forum in Beijing, he highlighted the U.S. SEC’s approval of Bitcoin ETFs and Donald Trump’s inclusion of crypto in his 2024 presidential campaign. Zhu acknowledged the risks of crypto but emphasized the need to study international policy shifts, as they are key to the digital economy’s development.
Despite China’s 2021 ban on crypto mining and trading, interest in crypto remains strong, particularly through OTC and P2P platforms.