<ul><li>Former Chinese finance minister Lou Jiwei warned about the dangers of cryptocurrency, including its volatility and involvement in money laundering.</li><li>Lou emphasized the changing attitude of the US government towards cryptocurrencies and highlighted the potential negative effects on global markets.</li><li>He called for thorough study and evaluation of the risks posed by digital currencies, especially in sectors like anti-terrorism funding and anti-money laundering.</li><li>Despite China's prohibition on Bitcoin mining, Chinese mining pools still manage over 55% of the Bitcoin network.</li></ul>

Ex-Chinese Finance Minister Warns of Crypto Risks Amid US Policy Shift

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