A Subtle Shift in Tone That Foreshadows More Change
China has long been the world's most influential voice when it comes to cryptocurrency. Its strategy has long been characterized by wide-reaching bans, gunfire at mining hubs, and close regulation bans. But in a subtle but significant shift in tone, developments in recent times hint that Beijing is slowly moving toward a less hardline stance on crypto-innovation. Although it has not explicitly voiced a hearty welcome of cryptocurrencies, there does now apparently seem to be a rethinking—a loosening of terms and a willingness to rethink the room for digital assets within a responsible framework.