Former Bank VP Wang Yongli Breaks Down China’s Crypto Strategy—What You Need to Know

China’s crypto playbook just got a decoder—straight from a finance insider.

Wang Yongli, once a heavyweight at one of China’s major banks, pulls back the curtain on the nation’s digital asset roadmap. No vague policy talk—just clear, sharp insights.

Why China’s watching—not just blocking.

Yongli points to the push for a state-backed digital yuan. It’s not anti-crypto—it’s pro-control. Sovereign digital currency trumps decentralized experiments—every time.

Then there’s the mining shift. Banning it domestically? That was a power move—not a retreat. Pushing miners overseas lets China sidestep local energy drains while still influencing global hash rates.

And let’s talk markets. Beijing isn’t ignoring crypto—it’s isolating it. By walling off speculative trading, they keep capital in-house. Classic move—tighten the gates, own the game.

Yongli’s take is blunt: China’s strategy isn’t about killing crypto. It’s about harnessing its parts—without swallowing the risk.

So while Wall Street still trips over its own hype, China plays the long game. Because in finance, sometimes the smartest trade is the one you don’t make—unless you’re the house, of course.