The understanding of many cryptocurrency users is very low; they only know how to trade coins and complain about why it isn't legalized. They can't even think about the deeper logic and reasons behind it.
It can be legalized, right? You won't need to use a VPN to open Binance anymore, and cashing out won't be subject to risk control; it would feel great, wouldn't it?
Then within a year, the A-shares crash, a large number of small and medium-sized listed companies delist, funds collapse, your property prices drop lower than your remaining mortgage, capital is plundered, employment rates decline, and inflation rises.
In the future, will the face value of the RMB also be like the Korean Won, with the maximum being 50,000? Will you be happy to pay thousands for a bowl of noodles?
All sorts of doom, just so you can cash out your USDT without risk control?