When regulators start "doing homework," the market actually feels more at ease


I heard that Hong Kong plans to introduce additional virtual asset guidelines within the year. Many crypto friends' first reaction was: Is regulation coming again? But from a different perspective, this is more like the industry moving from "wild growth" to "licensed operation." In the early days, the market was like a night market—lively, full of opportunities, but hard to tell real from fake; now it’s more like a shopping mall—higher thresholds, but brighter lights and clearer paths. To put it humorously, in the past, project teams competed with stories; now they might have to compete with the thickness of compliance documents.

Actually, the essence of regulatory guidelines is not suppression but drawing lines—telling everyone where the playing field is and where the audience seats are. For legitimate organizations, having rules actually helps plan long-term strategies; the biggest fear is vague regulations that change from day to day. For investors, clear expectations are a positive because uncertainty is the killer of valuation.

Of course, some worry that compliance might reduce the "wealth explosion flexibility." That’s not false, but don’t forget, rapid wealth and sudden collapse are often twins. A more regulated market might have fewer myths and more long-term opportunities.

My understanding is that actions like Hong Kong’s are mainly about competing for the financial discourse power in the digital asset era—neither letting go nor shutting the door, but trying to do an "orderly opening."

In simple terms: regulation isn’t a brake; it’s more like a navigation system. The speed might be less wild than before, but the arrival rate is higher. For ordinary players, instead of guessing policy sentiment, it’s better to improve filtering skills. After all, a bull market relies on sentiment, but long-term success depends on institutions.
——Interaction——
👉 Do you prefer a free market or a regulated market?
👉 Will compliance make you more willing to participate?
#香港拟年内再推虚拟资产指引