One article reviews the abuse of China and encryption

Source: Crypto Market Observation

Trump announced yesterday that if he was elected, it would build the United States as a global encryption capital.

In fact, a few years ago, China was the capital of encryption.

However, under the re -hammer of the policy, only Hong Kong is still trying to get back this “encrypted capital”. For example, the recent Supreme People’s Court and Supreme People’s Procuratorate have clearly listed through the “virtual assets” transaction.Many people tighten their nerves.

But don’t worry about haha, what is also included in the money laundering method with virtual asset transactions, and to rent these traditional economic behaviors, as long as your funding sources are not criminal income, it will not be affected, so there is almost nothing in the encryption market market.Fluctuation ~

Taking advantage of this topic, we will have a deepening of our Chinese government’s previous policies for encryption ~

01 In 2009, there were high people in the system

As early as 2009, Zhou Xiaochuan, then the governor of the central bank, published an article “Thinking about Reforming the International Monetary System”

This article focuses on ultra -sovereign currency, that is, “creating an international reserve currency that is decoupled from the sovereign state and can maintain long -term stability of the currency value.”

At this time, Bitcoin was only one year.

02 2013, free participation

Therefore, China has actually paid attention to Bitcoin very early. As early as 2013, when Bitcoin was less than $ 1,000, he issued a notice to prevent everyone from the risk of Bitcoin.

However, in the 2013 notice, the tone was relatively neutral and did not recognize the currency status of Bitcoin, but the positioning to Bitcoin was “commodity on the Internet”, not to stop the general public freely.

The impact of Bitcoin on the financial system has actually noticed that the senior management of our government has long noticed.

In 2016, when Zhou Xiaochuan was interviewed by Caixin.com, he also said“Bitcoin is not a central bank” digital currencyIt can be seen that our government elite was really amazing at that time!

At that time, Bitcoin’s blow was mainly oral, and two classic titles were left:

Virtual currency is zero.

Unveiled the crazy Bitcoin: 800 yuan each, a new Ponzi scam?

Now every time A shares fall below 3,000 points, the friends in the encrypted circle will put this picture out of the whip corpse

And if there are little friends who really bought Bitcoin of 800 yuan, not only can I earn 500 times, but they are also proper OG big guys in the encryption circle.

03 2017, punch punches

After Ethereum supported one -click issuance in 2017, a large number of people with a large number of people poured into the encryption industry, and the country finally couldn’t help but started manual:

On September 4, 2017, seven ministries and commissions of the People’s Bank of China jointly issued the “Announcement on Preventing the Risks of tokens to the Risks of tokens”, which required virtual currency transactions.

This is the 94 incident.

Before this notice was officially issued, the three major exchanges at the time Bit China, Okcoin, and Huobi.com were said to have been controlled by the side.

Of course, there are some big brothers news that is more spiritual and runs abroad:

These running bosses are also more moisturizing overseas. Xue Manzi ran to Japan to buy a street and named it “Manzi Xiaolu”. There are eleven Old Town Houses;Do things.

Bao Erye Guo Hongcai purchased a set of 100 acres of estate in Silicon Valley in the United States and named it “Leek Manor”.

Zhao Changpeng is now a brother in the industry, and its Binance is now in the head of the exchange.

Sun Yuchen also has a lustfulness and acquired Huobi. Its TRON chain is also the mainstream active chain.

This is the last photo of Bao Er, Xue Manzi, and Zhao Changpeng on the mainland.

Since then, Chinese encrypted practitioners have gone abroad, and not far from running.

For example, the team of Plustoken project only ran to Sihanouk City, Cambodia, was arrested by public security cross -border, seized 190,000 Bitcoin in one fell swoop, and got more than 100 billion yuan today!

These Bitcoin also became the source of 190,000 Bitcoin in the Chinese government.

But can the little friends guess, is the 190,000 Bitcoin of the Chinese government still in hand?

04 2021, until the dark moment

After a few years, it may be that the Chinese government feels that the intensity of the project party of the exchanges and the fiat currency is far from enough. In September 2021, all the business that provided cryptocurrency -related services also began to clean up. At this timeFactory’s crypto projects such as Tencent Ali have also begun to retreat.

At the same time, it also began to combat Bitcoin mining, and stipulated that virtual currency -related business activities were illegal financial activities.The relevant civil legal behavior of ordinary people holds virtual currency is invalid.

This blows caused a large number of miners to go to sea, and Bitcoin mining computing power in mainland China was once “cleared.”

The reason is “energy conservation and emission reduction”

At this point, Bitcoin in mainland China has been fully hit from mining, transactions to other related services.

It can be said that it is the dark moment of the Chinese encryption industry, and those who can get away are away.

This may be time to the bottom of the back to the bottom, right?

05 mining dead ash recovery

At the end of 2021, after the release of the mining ban, Bitcoin mining was re -burned. Now Bitcoin’s computing power in mainland China can actually rank second in the world, second only to the United States:

It is said that these computing power is provided by some of the mine -related mines. In this place such as clean power resources such as Inner Mongolia, even local governments have issued some “mining licenses”

After all, many places cannot be on the Internet and cannot be sold, and that is a waste.

It is better to use it to dig a bitcoin to earn a little bit, but it is necessary to have a good government relationship with this business.

06 Hong Kong open encryption

As Singapore announced its support, Hong Kong, as part of China, couldn’t hold it. In October 2022, the Financial Affairs and Treasury Bureau of Hong Kong, China, issued the “Policy Declaration on the Development of Virtual Assets in Hong Kong”.

You know, before Hong Kong announced supporting encryption, the life was actually very difficult, because the “universal selection” and “National Security Law”, a large number of foreign capital flowed out of Hong Kong and settled in Singapore.

However, Hong Kong’s encryption road is not smooth. The most attractive exchange of the market VATP license was once full of noise. It is said that the exchanges applying for Hong Kong licenses must retire from mainland users, resulting in the withdrawal of mainstream exchanges.

At the same time as the clearing exchanges of the clear retirement, traditional Internet giants have entered the venue, such as Panthertrade, a subsidiary of Futu, YAX of Tiger Securities, and Xwhale of Sina.

Tencent also teamed up with Jingwei China to invest 15 million US dollars to the full -chain data network developer Chainbase.

Another Internet giant JD.com also entered the “sand box” of the stablecoin of the Hong Kong Financial Administration directly into a low -key

Byte beating is also in April this year. Through its technical solution company Byteplus, official announcement cooperated with SUI for the first time to enter the blockchain.

The Ant Financial Services of Alibaba cooperated with the Singapore New Exhibition Bank to launch the “DBS Treasury Tokens” pilot program.

Such a set of Sao operation,

Trump claims that the reason why he has changed to this industry is because “If we don’t do it, China will take overOr other countries, but it is likely to be China.China attaches great importance to this.

When you see this information, there will be a little friend who ask the big beauty. What do you think?So many Internet giants have entered the encryption industry, will domestic encryption control measures be liberalized?

You can tell you that you can tell you, it is impossible!

The reason is actually very simple. Our country has strict foreign exchange control measures. I am afraid that everyone will change the RMB in their hands to foreign exchange running.

Because cryptocurrencies have the characteristics of circulation around the world, the country will not open ordinary people hold cryptocurrencies.

07 China is also inseparable from encryption

Just as Zhou Xiaochuan said in 2009, the encryption industry is the industry that hopes to weaken the US dollar hegemony. After the outbreak of the Russian and Ukraine War, the United States eliminates Swift, which leads to almost 100%of Russia’s foreign trade can only be settled by RMB.

In the event of being kicked out of Swift, should we settlement with rubles?

You know that Russian rubles have depreciated 1 million times in the past 36 years!

Therefore, if the encryption method can ensure the stable settlement of foreign trade, the encrypted industry can also be considered countless merits.

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