In an intriguing development, Zhu Guangyao, China’s former Vice Minister of Finance, has called on the Xi Jinping administration to delve deeper into the study of cryptocurrencies, emphasizing the significance of the industry in the digital economy and its growing mentions in global discussions.
What Happened: Guangyao made these remarks at the 2024 Tsinghua Wudaokou Chief Economist Forum on Saturday, as reported by Sina News. He acknowledged the potential risks associated with cryptocurrencies but stressed the importance of staying informed about international changes and policy adjustments.
Interestingly, Gyangyao was part of the administration when China, once a cryptocurrency mining and trading hub, enforced a blanket ban on …
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