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Recently, the cryptocurrency sector has been bustling. The reasons behind this are clear: On December 26, 2024, the People's Bank of China released the latest (China Financial Stability Report (2024)), which not only mentioned the trend of increasing global cryptocurrency regulation but also highlighted Hong Kong's innovative regulatory measures. What signal does this release? In fact, Hong Kong is gradually becoming a 'testing ground' for China's exploration of cryptocurrency compliance, attracting global attention!

Why is cryptocurrency regulation urgent?
Although the popularity of cryptocurrencies is high, the hidden risks are indeed significant. Price volatility, money laundering activities, and cross-border arbitrage issues all pose headaches for regulatory authorities. The report clearly points out three major key risks: