{"id":30175,"date":"2024-09-30T23:45:29","date_gmt":"2024-09-30T20:45:29","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=30175"},"modified":"2024-09-30T19:50:29","modified_gmt":"2024-09-30T16:50:29","slug":"zhu-guangyao-highlights-cryptos-global-impact","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/zhu-guangyao-highlights-cryptos-global-impact\/","title":{"rendered":"Zhu Guangyao Highlights Crypto&#8217;s Global Impact"},"content":{"rendered":"<p>Former vice minister of finance for <strong>China<\/strong>, Zhu <a href=\"http:\/\/en.ccg.org.cn\/archives\/58906\">Guangyao<\/a>, urged more research on advancements in cryptocurrencies and pertinent worldwide legislative changes.<\/p>\n<p>Speaking on Saturday at a banking and economic symposium in Beijing, <strong>Zhu<\/strong> stated during a roundtable discussion that cryptocurrencies do in fact have negative effects and &#8220;<em>We must fully recognize their risks and the harm they pose to capital markets.However, we must also study the latest international developments and policy adjustments, particularly the influence of U.S. bipartisan policies, as this is a crucial aspect for the development of the entire digital economy,\u201d<\/em><\/p>\n<p><strong>Zhu<\/strong> made the comments during the Tsinghua PBCSF Chief Economists Forum, an extensively observed gathering of eminent economists, scholars, and former officials of the Chinese government.<\/p>\n<p>Noting all crypto trading activity on the mainland, the <strong>People&#8217;s Bank of China<\/strong>, the Supreme People&#8217;s Court, and numerous other central authorities sent a warning in September 2021 prohibiting The restriction made clear that services rendered to mainland Chinese citizens by foreign crypto exchanges are regarded as illicit financial activity. Still, a lot of investors figured out ways to trade crypto outside the regulations.<\/p>\n<p>With the Republican Party endorsing crypto as part of its presidential campaign, <strong>Zhu<\/strong> said the U.S. seems to be undergoing substantial changes in how it intends to handle crypto. <strong>Zhu<\/strong> claims that the U.S.&#8217;s earlier this year spot crypto exchange-traded fund listing shows a basic change in crypto governance.<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former vice minister of finance for China, Zhu Guangyao, urged more research on advancements in cryptocurrencies and pertinent worldwide legislative changes. Speaking on Saturday at a banking and economic symposium in Beijing, Zhu stated during a roundtable discussion that cryptocurrencies do in fact have negative effects and &#8220;We must fully recognize their risks and the<\/p>\n","protected":false},"author":6,"featured_media":30176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1205,1211,7980,8835],"class_list":["post-30175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-china","tag-china-crypto","tag-u-s","tag-zhu-guangyao"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Zhu Guangyao Highlights Crypto&#039;s Global Impact - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/zhu-guangyao-highlights-cryptos-global-impact\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zhu Guangyao Highlights Crypto&#039;s Global Impact - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Former vice minister of finance for China, Zhu Guangyao, urged more research on advancements in cryptocurrencies and pertinent worldwide legislative changes. 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