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It won't happen in the short term, but it will definitely happen in the long term.
1. The United States doesn't have foreign exchange controls, and our industry is just a new technology sector. At the same time, political elections and the liquidity pool have provided a warm bed for BTC.
It's a situation where doing it is quite good, and not doing it is also fine.
2. Russia is doing this because its economy is under sanctions, and it has abundant energy. Developing cryptocurrencies is a very good choice; they are alive because they do it with funds, and not doing it is not an option. (Many small countries with financial system issues are the same.)
3. Currently, China's economic growth is slowing down. Compared to developing new technologies, breaking foreign exchange controls is their primary defensive red line. They can only treat this matter as a small fight in Hong Kong. Currently, China is in a state of not losing the initiative by not doing it, but doing so would make things worse.
But with this development speed, in three years, due to changes in international competition, it will turn into capital outflow if they do it, and not doing it would harm cash flow. At that point, they will have no choice but to do it. (Many developing countries with development advantages are the same.)