Former Chinese finance official urges crypto research as US softens stance
- Zhu Guangyao, China’s former Vice Minister of Finance, urged the Xi Jinping government to study cryptocurrencies, highlighting their importance in the digital economy.
- He spoke at the 2024 Tsinghua Wudaokou Chief Economist Forum, stressing the need to understand international changes and policy adjustments regarding cryptocurrencies.
- Despite China's ban, it controls over half of the global Bitcoin hash rate, indicating a need for awareness of shifting trends in the cryptocurrency market.
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