Former Chinese Finance Vice Minister Calls for Deeper Study of Cryptocurrency

- At the PBC Tsinghua Chief Economist Forum 2024, Zhu Guangyao, former Chinese finance vice minister, called on China to reconsider its approach to the cryptocurrency industry.

- He highlighted the shift in international sentiment toward digital currencies, especially in the United States, where the asset has received political support from prominent figures such as presidential candidate Donald Trump.

- Zhu acknowledged the risks and challenges of cryptocurrencies but said China needs to carefully study global trends and adjust policies. 🌐

- He also noted that emerging economies, including BRICS countries such as Russia, South Africa, Brazil, and India, are gradually integrating cryptocurrencies into their financial systems.

- While China has a strict stance on cryptocurrencies, Hong Kong is actively accepting and establishing a clear legal framework for the industry. 🚀