$LUNC
💥 Double Strike! Hong Kong delists USDT, mainland directly bans it!
The cryptocurrency world has just endured a "combination punch": both Hong Kong and the mainland have taken action against stablecoins, and the regulatory storm has truly arrived!
🔥🔥 Mainland: Comprehensive ban, taking it seriously!
The authorities have clearly defined: stablecoins are considered illegal financial activities! Not only is it prohibited, but criminal responsibility will also be pursued. More than 300 cases have already been caught this year, intercepting 4.6 billion in funds. This momentum is paving the way for the digital renminbi.
🔥🔥 Hong Kong: Major changes in regulations, retail investors are out!
New regulations in Hong Kong are in effect; due to the issuer Tether not obtaining a license, ordinary retail investors can no longer trade USDT, only professional investors are allowed. Hong Kong is screening compliant institutions with high thresholds, aiming to use stablecoins in cross-border trade and tourism consumption in the real economy.
1. Major capital shift: USDT trading in the mainland will quickly shrink, with funds either shifting to digital renminbi or seeking new compliant channels.
2. Compliant players rising: More transparent compliant stablecoins like USDC may encounter opportunities.
3. Hong Kong's strategy: Attract large institutions with strict regulation, creating a "high-end compliant" financial experimental zone.
🚨 The largest stablecoin is restricted in the core market; is this the starting point for a new round of industry reshuffling? Can Hong Kong's "sandbox experiment" become a new entry point for mainstream capital in the future?
What does everyone think? Let’s discuss in the comments!👇
Ambush P U P P I E S
