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Former Chinese finance minister urges crypto study after US Bitcoin ETF shift

Lou Jiwei stresses that China must assess cryptocurrency developments, particularly as the US shifts policy on Bitcoin ETFs.

During a speech at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei urged China to closely examine advancements in cryptocurrency.

According to Sina Finance’s report of the speech, the ex-minister highlighted the potential risks crypto poses to financial stability, including volatility and their role in money laundering.

He also noted the United States shift in stance, particularly in light of the US Securities and Exchange Commission (SEC) approval of Bitcoin exchange-traded funds (ETFs).

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Lou Jiwei stresses that China must assess cryptocurrency developments, particularly as the US shifts policy on Bitcoin ETFs.
During a speech at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei urged China to closely examine advancements in cryptocurrency.According to Sina Finance’s report of the speech, the ex-minister highlighted the potential risks crypto poses to financial stability, including volatility and their role in money laundering.He also noted the United States shift in stance, particularly in light of the US Securities and Exchange Commission (SEC) approval of Bitcoin exchange-traded funds (ETFs).Read more  

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