When it comes to China's support for blockchain and web3 technology, it is possible that they see potential benefits and opportunities in these areas. The adoption of blockchain technology can bring efficiency, transparency, and security to different areas. However, like any government involvement in such technologies, there can be debates and discussions about the balance between centralized management and decentralized principles. It is essential to evaluate the actions and policies of any country, including China, based on concrete information, analysis, and reliable sources. While skepticism is well-founded, it is important to avoid generalizations and judgments without solid evidence.
The government cant trust on a change to crypto policy
If power corrupts then you might argue that the top of the CCP are the most corrupt people the world has ever seen,Since China has not been a favorable place for Bitcoiners in the past, now is the time to trade cautiously and never put one's whole trust in any crypto service in China because no one can really tell what their plot is this time around,China banned BTC and the price doubled as I remember it in 2017.