The Potential Impact of Domestic Crackdown on Cryptocurrency

Devastating Blow to the "Pi Coin" (Pi Network) Community:

Pi Coin has a large user base of middle-aged and older individuals, which has previously existed in a gray area.

The authorities have explicitly defined it as a "shitcoin" and a "pyramid scheme," implying that law enforcement may target various Pi Coin promotion teams and offline studios for centralized cleanups and arrests.

The OTC (Over-the-Counter) Environment Further Deteriorates:

The document once again emphasizes the risks of "stablecoins" in money laundering and reiterates the illegality of exchanging fiat currency for virtual currency.

Combined with the recent crackdown on underground banks, the survival space for OTC merchants will be further compressed, and the freeze on cards may intensify.

Legal Risks for KOLs and Promotion Teams Surge:

The document clearly states that it will hold accountable agencies and individuals that "provide marketing and promotional" services.

This means that domestic cryptocurrency KOLs and self-media that continue to promote overseas projects may face legal sanctions (such as aiding and abetting crimes).