The awareness of many cryptocurrency users is very low; they only know how to trade coins and complain about why it is not legalized, without considering the deeper logic and reasons behind it.
It can be legalized, and in the future, you won't need to bypass the firewall to open Binance, and cashing out won't be subjected to risk control anymore. Sounds great, right?
Then, in less than a year, the A-shares will crash, a large number of small and medium-sized listed companies will delist, funds will collapse, and your housing prices will drop lower than your remaining mortgage. Capital will plunder, the employment rate will decrease, inflation will rise.
Will the face value of the RMB in the future also be like the Korean Won, with a maximum denomination of 50,000? Will a bowl of noodles cost thousands of yuan, making you very happy?
All these disasters just for the sake of not having risk control when you cash out U?