💥 Big news:

Yesterday (November 28th), the central bank held a meeting to specifically discuss 'cracking down on virtual currency trading speculation'. The focus is actually on two terms: 'illegal financial activities' and 'stablecoin risks'.

Someone asked: Is it like the 'sky is falling' feeling from 2021 again? Is the market going to crash?

🤔 Is the 'wolf' really coming?

To be honest, it doesn't feel like it.

In 2021, that was 'clearing up', it was a complete uprooting (mining sites shut down, exchanges clearing out CN users), that was the real 'wolf' coming.

In 2025, this time feels more like ** 'patching' and 'strict investigation'. Especially, it specifically names the money laundering risks of stablecoins (like USDT). This indicates that the regulatory granularity has become finer, not to destroy this industry, but to block capital outflows and the loopholes in the black market.

Conclusion: In the short term, there may be some FUD (fear, uncertainty, doubt), leading to market fluctuations, but it is definitely not a large-scale black swan**. The boots have already hit the ground; this time it’s just stepped a bit harder.

🛠 Survival advice for Web3 people and profit seekers:

1. Withdraw! Withdraw! Be very careful with OTC! ⚠️

This is the most direct risk point of this meeting. The document specifically mentions 'stablecoins' and 'anti-money laundering'.

• Recommendation: Recently reduce frequent fiat currency deposit and withdrawal operations. If you just made a large profit, don't rush to cash out back to your card.

• Must-read for beginners: Absolutely do not use salary cards or mortgage cards for C2C transactions! Once you encounter 'dirty money' leading to card freezes, it’s real when the uncle wants to have tea with you (although you won't be imprisoned, but the unfreezing process can be very lengthy).

2. Asset isolation, cunning hare has three burrows 🐰

• If you are a profit seeker, engaging frequently on-chain, be sure to separate large funds from your interaction wallet.

• Since it is said that 'related businesses belong to illegal financial activities', although we are currently in a gray area with personal cryptocurrency trading (neither protected nor directly prosecuted), we should also guard against extreme situations where exchanges cooperate with investigations. Keeping most assets in cold wallets or on-chain is the way to go.

3. Don’t be cut by 'insider information' 📉

• At this time, there will definitely be people in the group shouting, 'The country is going to completely ban it, quickly give me the chips!'.

• Recommendation: Don’t believe it. As long as you haven’t engaged in pyramid schemes, scams, or money laundering, and are simply a Web3 builder (speculator), you are still safe. Don’t fall in panic before dawn.

4. About the choice of stablecoins

• Since stablecoins have been named, if you hold a large position, consider diversifying your risks; USDC or on-chain underlying ETH/BTC are also risk-hedging assets.

☕️ Summary:

The volatility is limited, just do what you need to do. For us ordinary players, the biggest risk is not the policy, but the unknown merchants you encounter when withdrawing funds OTC, and the blood-stained chips you hand over in panic.

Stay calm, develop cautiously, after all, we are believers in decentralization (though mainly for making money). 🌚$BTC