It is estimated that it's just watching the funds rush in, if you can't beat them, join them. The banning results only make others stronger. In fact, one should have entered the game long ago, but unfortunately, some people can't bear to part with their little gains. There's no way around it; capitalists only care about money. If the crypto world really becomes legal, think about how many people in the stock market would be willing to dive in.

There are rumors online that mainland China will completely lift restrictions on cryptocurrencies. I think a full liberalization allowing everyone to trade cryptocurrencies is not very realistic. They may lift some restrictions, such as:

1: Hong Kong as a testing zone, allowing exchanges, public chains, etc.

2: In the civil domain, recognizing cryptocurrencies as property, citizens will have the freedom to buy and sell cryptocurrencies. In the future, some specialized financial institutions may launch Bitcoin funds or Bitcoin ETFs.

3: Allowing relevant financial institutions to issue regulated stablecoins and explore RMB stablecoins.