2026-01-13 07:04:58

Over the past decade, international financial regulation has a killer app called CRS (Common Reporting Standard). It sounds unfamiliar, but you need to know its power.

Simply put — if you are Chinese and have an account overseas with money deposited, foreign banks will regularly report your account information to Chinese tax authorities. It sounds a bit scary, but this is the reality.

This mechanism has been in operation in traditional finance for about ten years. So the question is: what about the cryptocurrency space?

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TokenomicsTrapper

· 5h ago

nah if you read the actual CRS framework, crypto's been in this grey zone way longer than people realize... classic regulatory arbitrage that's about to get liquidated lmao

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LightningSentry

· 5h ago

Overseas accounts have been transparent for a long time; you're only realizing it now.

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SigmaBrain

· 5h ago

Wow, now there's nowhere to hide overseas assets.

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SchrodingerGas

· 5h ago

Hmm... CRS is actually a modern version of the "notification mechanism." In simple terms, it means that the arbitrage opportunities for information are systematically disappearing. Traditional finance has been struggling for ten years, while the crypto space is still running naked. How long this unequal playing field can last is the real question.

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