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3rdeyeofcrypto
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$BTC
following our plan .
should sweep liq around 62.5 area and move upwards .
IMP area keep an eye
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3rdeyeofcrypto
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$BTC
next possible move !
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Former Chinese Finance Minister Urges Crypto Study Amid US Policy Shift on Bitcoin ETFs Former Chinese finance minister Lou Jiwei emphasized the need for China to carefully examine developments in the cryptocurrency space, particularly in light of the US Securities and Exchange Commissionâs recent approval of spot Bitcoin exchange-traded funds (ETFs). Speaking at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, Lou expressed concerns over the risks cryptocurrencies pose to financial stability, citing their volatility and role in money laundering. Lou highlighted the global implications of cryptocurrencies, noting that price fluctuations could destabilize financial markets. He also pointed to the United Statesâ evolving approach to digital assets, urging Chinese policymakers to study these international shifts to safeguard China's financial system and foster the growth of its digital economy. Despite a ban on Bitcoin mining, China remains a dominant player in the global Bitcoin mining network, although its influence is gradually declining as US-based mining operations expand.
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