According to TechFlow, the 2024 Tsinghua PBC Chief Economist Forum was held in Beijing on September 28. Zhu Guangyao, former vice minister of the Ministry of Finance, attended and delivered a speech. Zhu Guangyao called for attention to the study of the development of cryptocurrencies. He pointed out that although cryptocurrencies have negative effects and risks, it is necessary to study the latest international changes and policy adjustments because they are crucial to the development of the digital economy.
Zhu Guangyao reviewed the development of cryptocurrency, pointing out that over the past decade, the United States has always believed that cryptocurrency has great destructive power in international anti-money laundering and anti-terrorist financing, and its value fluctuations have also impacted the international financial market. However, this year, there has been a major shift in US policy. Trump's campaign platform explicitly included cryptocurrency and publicly stated that "cryptocurrency must be embraced, otherwise China will replace us."
In addition, the US Securities and Exchange Commission has approved 11 Bitcoin ETFs to be listed on the stock and futures markets. Zhu Guangyao also mentioned that emerging market countries and BRICS countries, such as Russia, South Africa, Brazil, and India, are also taking action in the field of cryptocurrency.
