Recently, more and more people are comparing tokens to energy commodities, and this analogy is quite interesting.


If that's the case, will crypto also have tariffs? Most-favored nation treatment? Investment protection agreements?
A deeper question is: if tokens become a new settlement tool, what does that mean for the internationalization of the Renminbi?
The rules of traditional finance are being rewritten, and we might still be navigating the new world with an old map.
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