**Crypto Comedy: China’s Crypto Conundrum**

- Former Chinese finance minister Lou Jiwei took the stage at the 2024 Tsinghua Wudaokou Chief Economists Forum, urging China to keep an eye on crypto advancements. 🚀

- Lou highlighted the usual suspects: volatility, money laundering, and financial instability. Yawn, right? But wait, there’s more!

- He noted the US SEC’s surprising approval of Bitcoin ETFs, suggesting China should study these international shifts.

- Despite China’s 2021 ban, it still controls over 55% of BTC mining. However, US pools are catching up, managing 40% of operations.

Stay tuned for more crypto capers!