TechFlow news, on June 15, the official account of China Economic Times published an article titled "The Challenges and Impacts of Cryptocurrency on Global Financial Governance," pointing out that the challenges and impacts of cryptocurrency on global financial governance go far beyond technological or speculative issues, touching upon profound transformations concerning sovereign credit, the future form of monetary systems, and global governance models.
The core difficulty in the global governance of cryptocurrency lies in geopolitical competition and fragmentation, yet lessons can be drawn from historical experiences. First, efforts could start from "overlapping interests" and avoid excessive ideological framing. For instance, countries share strong common ground in areas such as cross-border regulation of stablecoins and combating terrorist financing and money laundering; this shared foundation may serve as a practical entry point for pragmatic cooperation among major powers like China and the United States. Second, attempts should be made to build more flexible governance architectures—not insisting on a unified global framework—but allowing countries to implement differentiated regulations above a minimum set of global standards, thus forming an international cooperation model of "floor-level governance." Third, informal dialogue mechanisms, academic exchanges, and collaboration among think tanks could gradually build mutual trust and reduce the difficulty of cooperation.
