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Let's talk today about what it would be like if we completely opened up Virtual Money trading.
The vassals question that 99.99% of people will be financially ruined. You think, if the leader of the beautiful country is personally getting involved in the game, what are we ordinary people supposed to do? Therefore, our country does not allow Virtual Money, and I believe this is to protect the interests of our common people.
Moreover, the core point of any industry regulation or legal system is that it must be controllable, while the core of Virtual Money is decentralization, which leads to the inability to control the flow of funds, and you cannot trace it either.
Imagine a person who has a lot of Virtual Money and a cold wallet👛. He has a lot of money, and as long as he doesn’t say anything, no one knows. If one day he wants to move his money abroad, he doesn't need any approval; he just needs to take his cold wallet with him, and he can take all his money out of the country.
By doing this, our foreign exchange controls will be rendered almost meaningless, and virtual money will also allow these people to easily transfer their assets abroad.
Another thing is, why has this term called stablecoin come out recently? I think it is unstable, so it's called stablecoin. The important thing is that if it were still called virtual money.
Do you dare to buy it?