According to the 'China Financial Stability Report (2024)', the global regulatory pressure on cryptocurrencies continues to increase. Currently, 51 countries and regions around the world have introduced regulations prohibiting crypto assets, and some economies are regulating through adjustments to laws or re-legislation.

The report specifically mentions Hong Kong's progress in cryptocurrency compliance, with its 'dual licensing' system covering both security and non-security tokens. At the same time, the U.S. Securities and Exchange Commission (SEC) approved the listing of a Bitcoin spot ETF in January 2024, but the SEC chairman stated that this does not mean the SEC approves or endorses Bitcoin products, warning investors to be cautious about Bitcoin and other products linked to crypto assets, emphasizing their potential risks.