The People's Bank of China released the 'China Financial Stability Report (2024)', revealing new dynamics in global cryptocurrency regulation! 🌐 The report indicates that 51 countries and regions worldwide have implemented prohibitions on crypto assets, while Hong Kong, China is actively exploring a compliant path for crypto assets. Hong Kong has adopted a 'dual licensing' system to classify regulation of virtual assets, ensuring financial stability. Do you think such regulatory measures can effectively prevent risks? Feel free to share your views in the comments!