Huang Yiping, chairman of the CF40 Academic Committee and director of the Peking University Digital Finance Research Center, recently said that cryptocurrencies such as Bitcoin are more like digital assets than digital currencies in the strict sense. China’s current ban on cryptocurrency transactions is beneficial in the short term to achieving policy goals such as anti-money laundering and capital account management. However, some new digital technologies in the field of cryptocurrency, such as tokenization, distributed ledgers, and blockchain technology, have important application value for the formal financial system. If cryptocurrency transactions are banned for a long time, some important digital technology development opportunities may be missed. , and the ban may not be effective for a long time.

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