Crypto麻子新
--
Is regulation coming again?
According to exclusive news from Caixin, domestic regulation is making a strong move: all internet giants, central enterprises, state-owned enterprises, and related state financial institutions will face clear restrictions and will not be able to conduct stablecoin or cryptocurrency-related businesses in Hong Kong. Companies that have previously announced plans to enter the cryptocurrency field may also face a gradual exit situation.
This means that the cryptocurrency industry in the mainland market will be forced to cool down, with significant decreases in the participation of large funds and leading players, and market activity may be under pressure in the short term. However, the impact on overseas markets and decentralized ecosystems is relatively limited, as the pathways for domestic participants are clearly tightening.
According to exclusive news from Caixin, domestic regulation is making a strong move: all internet giants, central enterprises, state-owned enterprises, and related state financial institutions will face clear restrictions and will not be able to conduct stablecoin or cryptocurrency-related businesses in Hong Kong. Companies that have previously announced plans to enter the cryptocurrency field may also face a gradual exit situation.
This means that the cryptocurrency industry in the mainland market will be forced to cool down, with significant decreases in the participation of large funds and leading players, and market activity may be under pressure in the short term. However, the impact on overseas markets and decentralized ecosystems is relatively limited, as the pathways for domestic participants are clearly tightening.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.