Author: Yang Tao, Deputy Director of the National Finance and Development Laboratory



Trends in the Development of Crypto Assets in the United States and Their Implications for Our Country

Currently, with the Trump administration in the United States promoting adjustments and shifts in policies related to crypto assets, as well as the implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), the global crypto asset market is beginning to face more complex trends and challenges. The regulation of crypto assets in various countries also urgently needs to reassess the balance between value and security.

The concept and boundaries of crypto assets have gradually attracted widespread attention from academia and industry since Satoshi Nakamoto published the "Bitcoin White Paper" in 2008. Early focus on crypto assets centered on their payment functionality, "based on account" and "based on value (based on...
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