The day before yesterday, the finance department and the national tax bureau jointly issued the latest broker interpretation, causing panic. Simply put, the impact on #DEFI is significant, and if implemented as such, there will be turmoil in parts of the cryptocurrency sector.
The biggest issue is that using DEFI front ends requires real-name verification (KYC), along with tax payments. This will affect various fields including DEFI, #RWA, and #MemeCoin .
This interpretation is not about approval, but it has already been implemented since 2025, transitioning in 2025 and 2026, and officially implemented in 2027.
Only after the understanding king Trump came to power can this hidden danger be addressed. There have already been lawsuits filed by American organizations and institutions.