If Jack Ma creates a cryptocurrency exchange in the future, it's estimated that exchanges like Binance and OKEx won't have many users, platform tokens will plummet, and retail investors will withdraw their funds to play at Jack Ma's exchange. The main reason is the convenience of cashing out, but it's estimated that cashing out will require normal tax payments...

However, this is also beneficial for the country and the people:

1. It can generate tax revenue for the country
2. User withdrawals are also convenient, without the fear of freezing (bound to Alipay)

The only problem is reduced earnings due to taxation.
As long as taxes are paid, everything is allowed; think about the welfare lottery, mutual funds, stocks, gold and silver, everything has to go through an acceptance process.

It took 8 years for stocks to be regulated.
It took 12 years for mutual funds to be recognized and regulated by the state.
It took 52 years for gold to go from being prohibited to being openly traded and legalized.
Silver took 49 years.

I believe cryptocurrencies need time... #cryptocurrency # #coincircle # #regulation # #blockchain # #YunfengFinance #