The crypto world is undergoing a dual regulatory storm, with ongoing regulatory actions in both Hong Kong and mainland China, reshaping the market landscape!
$SOL $XRP $BNB Mainland regulation is ramping up: in 2025, the central bank, leading 13 departments, will classify stablecoins as illegal financial activities, enforcing a "full-chain blockade," cracking a large number of related cases, and blocking money laundering channels. This also aids the promotion of the digital RMB, whose cross-border payment volume has exceeded 10 trillion.
Hong Kong, on the other hand, is "replacing" USDT. Due