Tell HN: Crypto can be a weapon in geopolitical war between the West and China

China can never allow Crypto because it is decentralized and hence the information cannot be controlled. See [1] for a great example. That opens up a great opportunity for the West to leverage its strength when it comes to Freedom of Speech and free flow of information. Impose some basic KYC/AML checks at FIAT on-ramps and off-ramps, but otherwise just allow Crypto to flourish as a sector. More decentralized and open source, the better. To avoid scams, let's add some heavy regulations on the Crypto-pretenders, basically the ones who need to say "trust us" (Binance and FTX).

If a provably decentralized Crypto sector takes off, it would be fun to watch how an authoritarian regime like CCP copes with it.

[1] https://bscscan.com/token/0xb79c9c73e8c7b4be7244e697e6bdb9f511208e9c