Attention everyone! The central bank's new regulations are serious, but let's not panic; let me break it down for you clearly:

Where is the policy's impact?

1. Payment channels fully blocked: Can Alipay and WeChat transfer to cryptocurrency merchants? Cards can be frozen in minutes without discussion! Last year, a guy used USDT to buy a graphics card, and his bank card was directly targeted by the anti-fraud center.

2. Survival crisis for exchanges: Although Huobi and OKX are overseas, their domestic promotion teams have recently gone "invisible," which says something.

3. The most severe is on-chain tracking: Now, authorities can use AI to analyze on-chain data. Last year, a case in Suzhou tracked down suspects using an ETH mixer.

How should smart money play?

• Spot traders should quickly establish compliant deposit and withdrawal channels; Hong Kong cards and Singapore cards now have a three-month wait for account openings.

• Contract traders take note! During policy-sensitive periods, don’t hold positions; the drop in September was triggered by regulatory rumors leading to a chain of liquidations.

• Long-term holders should pay close attention to licensed exchanges in Hong Kong; only those with legitimate licenses like HashKey are the future.

Exclusive observation by Anna

This round of regulations is actually helping the industry eliminate bubbles; those air coins and Ponzi schemes will die faster. But remember three points: the policies target illegal finance, not blockchain technology itself; new play styles always emerge after strict regulations; truly good projects will instead rise after the reshuffle. Follow @南安娜sol "888" to receive the "2023 Safe Deposit and Withdrawal Manual," teaching you how to continue navigating the crypto market within a compliant framework!