The crypto world is undergoing a double regulatory storm, with ongoing regulatory actions in both Hong Kong and Mainland China, reshaping the market landscape! $SOL $XRP $BNB Mainland China has upgraded its regulations: in 2025, the central bank will lead 13 departments to classify stablecoins as illegal financial activities, implementing a “full-chain blockade,” cracking a large number of related cases, blocking money laundering channels, and supporting the promotion of the digital yuan, whose cross-border payment volume has already exceeded 10 trillion. In Hong Kong, there is a “reshuffling” of USDT—due to the issuer not meeting licensing requirements, retail trading is restricted and capital thresholds are raised to screen for compliant institutions, guiding stablecoin services toward the real economy. Now, the market landscape is diverging: stablecoin trading in Mainland China is shrinking, and funds are flowing to the digital yuan and other channels; Hong Kong is attracting institutions like Sequoia Capital. Under regulation, compliance is the key. Stay informed about crypto trends, seize investment opportunities, and move forward steadily in the tide of compliance!