The cryptocurrency get-rich-quick game has changed its rules.
How lively is the cryptocurrency community at three o'clock in the morning? With a single sentence from Master Bao, "Another old friend has fallen victim to overseas fishing, after a lot of fuss, they finally emerged," the community that had just calmed down for a few days has been blown into a boiling pot of water🌋. Don't think this is just the private grumbling of big shots; those in the know understand that behind these eight characters lies the most deadly hidden reefs in the current market, which are scarier than the plummeting cryptocurrency prices—it's the invisible net of cross-border regulation.
First, let’s educate the new investors: "overseas fishing" does not mean actually going out to sea to catch fish, but is insider slang for cross-border investigations: once you're targeted, at best your digital assets are frozen, at worst your personal freedom is affected. The scale of the funds involved in this rumor, if mentioned, could make you gasp—a deal worth tens of billions of dollars, equivalent to directly evaporating the market value of several small and medium-sized projects.
As an industry veteran of eight years, I must pour cold water on this: this is by no means an isolated incident but the inevitable prelude to industry reshuffling. Let me share some hard data; understanding it reveals how severe the situation is: in the past three years, there have been over 20 publicly known cross-border cases involving crypto assets, with 70% of them involving single amounts exceeding 100 million USD! Even more astonishing, in the first half of 2024, global assets locked due to compliance audits surged by 180%. Many people are focused on the bullish market frenzy in the K-line chart, unaware that beneath them lies an abyss; the decentralized dreams of the big players have collided with the centralized iron fist of regulation, which has always been as fragile as thin ice.
There is an unwritten consensus in the circle: in such matters, simply returning safely is already a blessing. After all, everyone understands a harsh reality: when one emerges, the money may not necessarily follow; when the storm subsides, the traces of asset freezes may last forever. I have seen too many cases where a big player just flaunted their yacht and mansion, only to have their assets frozen across borders, ultimately transforming from a billionaire into a 'negative millionaire,' left with a pile of non-liquid digital codes; it’s all tears to talk about.
But don’t just panic; the truly wise have already begun to pay attention to the changes beneath the surface. The regulatory direction has long ceased to be 'a one-size-fits-all ban' and has quietly shifted to 'delineating boundaries' through refined management. Remember these practical recommendations; they are more useful than blindly trading a hundred times.
First, the Federal Reserve's drastic change in attitude is a key signal. Previously vocally opposing crypto activities, they have now withdrawn their 'strong opposition' stance and instead emphasized 'embracing innovation.' Federal Reserve Governor Waller recently stated that they will actively accept payment innovations and are even considering issuing 'streamlined primary accounts' to non-bank payment companies, which means that compliant crypto-related businesses may have the opportunity to directly access the traditional financial system in the future. This is not an empty statement; it reflects the traditional finance sector's ambition to share the crypto pie.
Second, the U.S. issuing 'birth certificates' for stablecoins is a milestone event. The stablecoin bill signed by Trump this year establishes hard rules for payment-type stablecoins with a 1:1 reserve requirement and clarifies the division of responsibilities between the Federal Reserve and state regulators. This means that the previously unregulated stablecoin market finally has clear rules; compliant issuers will enjoy a period of benefits, while rogue players are destined to be eliminated.
Third, the UK has recognized crypto assets as 'personal property,' directly rewriting the underlying logic of the industry. The newly enacted (Property (Digital Assets, etc.) Act 2025) legally acknowledges the property nature of crypto assets for the first time, allowing them to be inherited, mortgaged, and custodied. This is not to encourage everyone to buy recklessly; rather, it paves the way for future regulation and dispute resolution. Simply put, your crypto assets now have a 'legal ID,' but it also means that regulation can more accurately target you.
Speaking of this, my core point is very clear: the current cryptocurrency market is no longer the 'wild west' era where 'daring can earn big money.' Compliance has transformed from a choice into a survival issue, especially for the big whales with heavy capital; they cannot escape the regulatory pain in the short term. Those who still think they can exploit offshore accounts and anonymous wallets will eventually face significant setbacks.
Finally, let me say something heartfelt: wealth never sleeps, but the rules of the game have completely changed. In the past, we made money by guessing market trends; in the future, we must survive by understanding the rules. I recommend everyone pay more attention to regulatory developments in various countries and avoid blindly following trends. If you find this analysis useful, please like and follow; I will continue to analyze the impact of regulatory policies on the market and compile a compliance guide to avoid pitfalls. What pitfalls have you experienced due to regulatory changes? Let's discuss in the comments, and I will randomly select three people to send my exclusive market analysis report.
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