China should reconsider its strict policy on cryptocurrencies

Wang Yang, vice president of the Hong Kong University of Science and Technology, suggested that China should reconsider its strict policy on cryptocurrencies, especially in light of the economic benefits of miners migrating to the United States. He suggested that China could control risks through state-owned enterprise participation or equity investment while leveraging the potential of cryptocurrencies. Wang Yang also pointed out that Trump's shifting attitude towards cryptocurrencies may prompt China to reassess its policies. He stressed that Hong Kong should accelerate its pace in blockchain technology and services to lead regional development. This reflects China's complex attitude towards cryptocurrencies and blockchain technology within China, as well as the need for policy adjustments amid global political and economic changes.

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