With Trump likely to be re-elected as US president, it may be time for China to consider "unblocking" cryptocurrency mining.
China's comprehensive cryptocurrency mining ban has sparked a lot of controversy, and many miners have turned to the United States and other places, bringing billions of dollars in tax revenue to the local area.
Given that Trump may return to the White House, the Chinese government may need to reassess the strategic value of cryptocurrency.
China is re-examining the nature of digital assets and whether it should be accepted and promoted, especially under the "Belt and Road" initiative, which may realize the digitalization of real-world assets (RWA) in the future.
The key is to change the one-sided understanding of cryptocurrency, which is not only uncontrollable negative effects.
