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What are the shocking remarks of Hong Kong University of Science and Technology Vice President Wang Yang on China's cryptocurrency policy?
Wang Yang, Vice President of the Hong Kong University of Science and Technology, said that China's ban on cryptocurrency mining is unwise, causing miners to go to the United States, and the United States received more than 4 billion US dollars in tax revenue.
He believes that state-owned enterprises should be allowed to mine or invest in stocks to control risks. He also said that if Trump comes to power, China will have to reassess its policies, and the country should think about digital assets and take the path of tokenization of real-world assets.
He misjudged Bitcoin and blockchain twice, and also said that Hong Kong's service pace is slow.
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