Take the blow of regulation!
In fact, this news has almost no impact on us.
Fraud schemes in the domestic sinking market are too rampant. If we don't rectify them, it will be the biggest harm to the industry.
Let’s not talk about those schemes that are under the banner of "blockchain" and "Web3 finance," specifically targeting the elderly for profit. Right now, inscriptions can still maintain trading volume, which, to be honest, mainly relies on these people to drive it.
Not long ago, I went to Jeju Island. While waiting at the airport, I heard a middle-aged man promoting the "Bitcoin ecosystem" to an elderly woman next to him, talking about superficial concepts, filled with jargon about entering and exiting funds. On the return flight, I overheard several Chinese aunties discussing Ethereum, typical phrases about static and dynamic returns.
This kind of low-end scam targets our parents’ generation, who have a limited understanding of the financial market, let alone the complex logic of the cryptocurrency world.
So this wave of regulation is a good thing for the industry; it won’t affect the market anyway. If we can clear out these scammers sooner, when others mention "the crypto world," they won't only think of fraud.
As for us, the real participants in the market, these policies are basically just passing whispers, we hear them and move on. $BTC
