Techub News reports that former Vice President of the Bank of China, Wang Yongli, stated that countries need to view changes in U.S. cryptocurrency regulatory policies dialectically. While learning from its experience with classified regulation, they must still adhere to their own national conditions. Wang Yongli believes that the U.S. is pushing cryptocurrency regulatory legislation with strategic intent, aiming to strengthen the position of the U.S. through the U.S. dollar stablecoin. China should continue to uphold a strict prohibition on virtual currencies and further intensify efforts to promote the development of digital RMB.

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