China’s Ex Finance Minister Says Crypto Is ‘crucial’ To Economy

Freya Deyell, ReadWriteWeb
Mon, 09/30/2024 - 5:20am

Zhu Guangyao, previously China’s minister of finance, has said the country needs to be paying more attention to cryptocurrency. He gave a speech during an economic forum at Tsinghua University over the weekend (Sept. 28). “It does have negative effects, and we must fully recognize its risks and harm to the capital market,” he said according to Sina News. “But we must study the latest international changes and policy adjustments because it is a crucial aspect to the development of the digital economy.” Zhu Guangyao specifically brought up US presidential candidate Donald Trump in relation to crypto’s importance. What did Trump say about China’s crypto? Back at the Bitcoin conference in July, pro-crypto Trump said: ” If we don’t embrace crypto and Bitcoin technology, China will, other countries will. “They’ll dominate, and we cannot let China dominate.

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China’s Ex Finance Minister Says Crypto Is ‘crucial’ To Economy

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