Let me be clear, all those online shouting that China will relax cryptocurrency regulations are just deceiving people.
It's a smokescreen! The country is now determined to develop manufacturing and hard technology, such as chips and new energy.
The real darling is the real economy; financial innovation? It's already been stifled—now the country only allows finance to serve the real economy.
The economy as a waiter, want to speculate? No way!
Those trading coins all day long are blowing about 'policy loosening'; to put it bluntly, it's just a lie concocted by speculators to fleece people.
Talking nonsense! China has already wiped out domestic exchanges; do you still expect the government to issue you a license?
Wake up!
If there really are any 'ambiguous moves', at most there are three paths:
Use Hong Kong as a testing ground, doing some harmless 'international compliance', but absolutely don't think you can dabble with the mainland.
When the court rules on cases, it might recognize the coins you bought as personal property (but definitely not as legal tender).
Recognize it as currency! Mining is not being cracked down on so severely anymore, as long as you don't make too much noise.
Close one eye.
As for tax benefits? Not a chance! Overseas institutions have all run away, and the country is now cracking down on tax evasion.
Tax evasion is getting harsher; want to exploit loopholes? Be ready for fines and jail!
In summary: whoever believes that China will relax its stance on cryptocurrency is a fat pig! Within ten years.
Don't expect to see policy loosening; just honestly do what you should, and don't be misled by the false news from speculators.
Totally deceived!
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