Former Chinese finance minister urges crypto study after US Bitcoin ETF shift Lou Jiwei stressed that China must assess cryptocurrency developments, particularly as the US shifts policy on Bitcoin ETFs. https://image.nostr.build/2be7c97b71c6b263e07b70a126f5be9869a3d04947e7647cb8d257f16346ceb9.jpg
At a recent economic forum in Beijing, Jiwei's remarks underscored the urgency for China to reassess its stance on cryptocurrencies, particularly given the accelerating changes in U.S. policy. He noted that as the U.S. moves forward with its Bitcoin ETF approvals, it is crucial for China to stay informed and adapt its approach to digital assets
United States' recent policy shifts regarding Bitcoin ETFs. Jiwei emphasized the importance of assessing both the risks and opportunities associated with cryptocurrencies, particularly as the U.S. moves forward with its regulatory framework for digital assets.
The U.S. has seen a notable increase in interest and investment in Bitcoin ETFs, with substantial inflows recorded recently. This shift in policy is viewed as a pivotal moment for the cryptocurrency market, prompting calls for other nations, including China, to reassess their stance on digital currencies