The US presidential debate is over, and China will unblock the crypto market!

Wang Yang, vice president of the Hong Kong University of Science and Technology, said that China's total ban on cryptocurrency mining is very unwise, causing miners to move to the United States, bringing more than $4 billion in tax revenue to the United States. It is better to let state-owned enterprises go mining or state-owned enterprises take shares to ensure risk control. He said that with the possible election of Republican presidential candidate Donald Trump, the Chinese government should reconsider the significance of cryptocurrency.

"The country may rethink what digital assets are and whether we should embrace digital assets. In the development of the 'Belt and Road' countries, it must eventually be able to go out of the path of tokenization of real-world assets (RWA).

He continued: "But China's strategy may really need to go this way. If Trump comes to power, China will need to reevaluate all these policies in a very short time." ”

Trump’s recent stance on Bitcoin and cryptocurrency has undergone a 180-degree turn, and he expressed his willingness to support the self-custody rights of cryptocurrency.

Wang Yang admitted that he thought Bitcoin and blockchain were scams twice in 2012 and 2014, so he missed the opportunity.

“Hong Kong’s pace in service is too slow, and we seem to be satisfied with the status quo. Hong Kong should have a higher goal, determination, or even a belief, to lead the development of the entire region, including the future direction of blockchain technology.

Market changes are not temporary changes, and there may always be changes in the market. Opening up cryptocurrency is an inevitable result of market promotion, just like the acceptance of the US government. #美国PCE数据将公布 #BTC☀