Crypto's Role as a Crucial Aspect in the Digital Economy: Insights from Former China Finance Official
Indicator of Change in the Digital Economy
At a recent forum at Tsinghua University, Zhu Guangyao, the former Vice Finance Minister of China, stated that crypto is a crucial aspect of the digital economy. Despite the inherent risks associated with cryptocurrency, he asserted the importance for China to understand its growing role in international financial markets.
Risk and Opportunity: A Dual Approach
During his address, Guangyao expressed that the government must find a balance between recognizing the risks of cryptocurrency and leveraging its potential advantages. He pointed out that as crypto evolves, so too must China's approach to regulation and engagement with this digital asset class.
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