A look back at China’s sadomasochistic love affair with crypto

Trump announced yesterday that if elected, he would build the United States into the world's crypto capital.

In fact, a few years ago, China was the capital of encryption.
However, under the successive policy hammers, only Hong Kong is still fighting to take back this "crypto capital". For example, the Supreme People's Court and the Supreme People's Procuratorate recently clearly listed "virtual asset" transactions as one of the methods of money laundering, which made many people nervous.

But don’t worry, everyone. Other ways of money laundering that are listed together with virtual asset transactions include investment, leasing and other traditional economic activities. As long as your funds are not obtained through criminal proceeds, they will not be affected. Therefore, the market conditions of the crypto market are almost stable.