Accept the regulatory crackdown!

In fact, this news has almost no impact on us 🤷🏻‍♂️

Fraud schemes in the domestic sinking market are too rampant. If we don't regulate them, it will be the biggest harm to the industry.

Don't mention those schemes that use the banners of "blockchain" and "Web3 finance" to specifically harvest the elderly. Right now, inscriptions can still maintain trading volume, to put it bluntly, it mainly relies on these people to drive it.

Some time ago, I went to Jeju Island, and while waiting at the airport, I heard a middle-aged man promoting the "Bitcoin ecosystem" to an elderly woman next to him. He was talking about superficial matters, full of jargon about deposits and withdrawals. On the return flight, I overheard several Chinese middle-aged women discussing Ethereum, typical phrases about static and dynamic returns.

This low-end scam is most prevalent among our parents' generation, who have a limited understanding of financial markets, let alone the complex logic of the cryptocurrency world.

Therefore, this round of regulation is also a good thing for the industry; it won't affect the market anyway. If we can clear out these scammers sooner, people won't just think of scams when the term "cryptocurrency" comes up.

As for us, the real participants in the market, these policies are basically just a breeze passing by our ears; we just listen and move on.