Yesterday, the People's Bank of China convened major banks and Alipay to re-emphasize that banks are not allowed to participate in digital currency transactions. Subsequently, China Construction Bank, Agricultural Bank of China, and Alipay also issued statements on their official websites.

Counting from 2018, this statement is probably the most severe statement so far, but its effect is still much smaller than that of 94 in 2017, mainly because after the promulgation of the 94 policy in 2017, major banks Digital currency transactions have been strictly controlled and prohibited, but this time it is only emphasized again, and there are no new measures.

But in fact, if we think about it calmly, it may be unrealistic to completely ban digital currency transactions, and it is difficult to implement in specific methods. User A transfers a transaction to user B. If both A and B are acquaintances and neither adds a postscript to the transaction, how does the intermediary payment institution know what the transaction is for?

Therefore, I think the starting point of the country’s policy is to maintain the current financial stability, avoid the risk of digital currency from being transmitted to the general public, and play a deterrent role in momentum, especially to deter investors who are new to this field and hope that they will withdraw. It has little impact on digital currency enthusiasts who have been active in this field for a long time.

On the contrary, I think that during this period of time, the state has completely cleared the mines, especially in Sichuan, which has used strong methods to clear the mines. It has really hit the miners in our country and also hit the mining participants to some extent.

Earlier, after the regulatory authorities issued a statement on strict investigation of Bitcoin mining, I wrote in the article that I am afraid that mines will gradually move overseas, and it will be more difficult for ordinary retail investors to participate in mining, but I did not expect this to happen. so fast.

Overseas media applauded my country's policy of clearing miners almost overwhelmingly. Kazakhstan and some states in the United States immediately expressed their welcome publicly. Many people have long been worried about the deployment of Bitcoin's main computing power in China. Now it's all right, just "self-defeating martial arts". Overseas cheers.

According to Guangzhou Customs: 3,000 kilograms of mining machines are being cleared and ready to be shipped overseas; a domestic mining giant issued a statement yesterday: their deployment of mining machines in Kazakhstan is about to be completed.

Once they leave, I'm afraid they will never come back here...

Seeing this, I feel rather sad in my heart. From 1994 to now, our country originally had considerable advantages in trading and mining in the field of digital currency. But from 1994 to today, even the last advantage of mining has been completely destroyed.

In addition to suppressing the development of domestic digital currency, these measures have hardly had any negative impact on the development of the global digital currency industry.

Judging from the development of this round of DeFi, it has been a whole year since the issuance of Compound in June last year, and there is hardly a single famous DeFi project on Ethereum made by a Chinese team. Not only that, several major No well-known Chinese private equity funds participated in the top DeFi projects.

This is especially true for NFT, which is hot overseas, and there is no Chinese team.

This cannot but be said to be a great regret.

Judging from the current development situation, the gap between our country and overseas countries in this area is still widening. There are almost no signs of overseas new developments and hot development fields due to poor information, information barriers, and language barriers in China.

Among overseas voices, two are often mentioned: one is "we will vigorously develop what is prohibited by China", and the other is to comment that these measures in our country "is the best decentralization".

Seeing these, really mixed tastes.