Cryptocurrency is not gambling. If cryptocurrency is gambling, why not ban the Vietnamese leek market with a higher loss rate?
Whether you like it or not, cryptocurrency is a payment technology in the future. It will emerge as an emerging industry in the world economy. This is the butterfly change of currency. Cryptocurrency will become the development direction of currency in the future.
But China was obviously a super player at the beginning of the development of cryptocurrency. China had the opportunity to monopolize the trading and issuance of cryptocurrency like the United States, firmly control cryptocurrency in its own hands, share the profits of cryptocurrency development, and cut foreigners' leeks. There is even a chance to tie cryptocurrency to the chariot of the RMB, promote the internationalization of the RMB, and shake the position of the US dollar hegemony.
But because of the word "stable", China cut off its own hands and feet, banned cryptocurrency, and gave up the opportunity in vain. Now cryptocurrency has become the shadow currency of the US dollar, making the US dollar hegemony more solid. The United States has reaped a lot of dividends in this industry and has eroded China's financial market in turn.
The word "stable" has made China miss too much.