With Trump likely to be re-elected as US president, China may want to reconsider its ban on cryptocurrency mining.
China's policy of banning cryptocurrency mining has sparked controversy, with many miners moving to the United States and other places, bringing billions of dollars in tax revenue to these regions. Given the possibility of Trump's return to the White House, the Chinese government should reassess the strategic value of cryptocurrency.
At present, the nature of digital assets is being re-examined in China, and it is worth thinking about whether to accept and promote their development. Especially in the context of the "Belt and Road" initiative, the digital transformation of real-world assets (RWA) may be achieved in the future. The key is to change the one-sided understanding of cryptocurrency and realize that it is not only uncontrollable negative effects.
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