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.
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