The domestic crackdown on crypto exchanges doesn't care where the exchange is based; it's all about the source of the customers, related entities, and the flow of capital.
In simple terms, regulators are focused on whose money is at stake and whose interests are getting involved, not where the shell is located. Running off to overseas jurisdictions is pointless; as long as there are domestic users and funds involved, you can't escape the regulatory hammer.
It's like Washi Mi Hua operating a betting operation in Macau while casting a wide net back home. Sometimes they turn a blind eye, but if interests are threatened, they’ll come down hard.
Unless you have the big boss giving you a nod and some proof to back you up, there's always a risk. Domestic politics is all about balancing interests; if they wake up on the wrong side of the bed, you might just get hit with the iron hammer.
I used to hear about certain individuals being connected, and then those very individuals ended up getting taken down...
$BTC $ETH $LDO #btc #eth #ldo
In simple terms, regulators are focused on whose money is at stake and whose interests are getting involved, not where the shell is located. Running off to overseas jurisdictions is pointless; as long as there are domestic users and funds involved, you can't escape the regulatory hammer.
It's like Washi Mi Hua operating a betting operation in Macau while casting a wide net back home. Sometimes they turn a blind eye, but if interests are threatened, they’ll come down hard.
Unless you have the big boss giving you a nod and some proof to back you up, there's always a risk. Domestic politics is all about balancing interests; if they wake up on the wrong side of the bed, you might just get hit with the iron hammer.
I used to hear about certain individuals being connected, and then those very individuals ended up getting taken down...
$BTC $ETH $LDO #btc #eth #ldo