⚠️⚠️⚠️Today, there is a piece of news that we must understand and accept three facts.

1. All virtual currency-related business activities fall under "illegal financial activities".
2. Virtual currency must never be used as a medium of exchange (domestically)
3. The crackdown is systematic and ongoing.

🔔 If you are just a stinky coin speculator, next
1. Exit the market, withdraw from the circle (this is the behavior that best aligns with regulatory intentions)
2. Completely de-businessify, insist on long-term holding, occasional trading, and transfer assets to cold wallet storage, leaving a portion at the exchange as trading funds, and do not participate in any business activities.
3. Pay attention to the highest risk segment OTC, and be cautious with deposits and withdrawals.

🔔 If you are a cryptocurrency practitioner (technology, operations, marketing, etc.)
1. Individual career development and legal risks are extremely high.
2. Decisively transform and embrace compliance
3. Starting a business abroad, doing what is difficult but feels right in your heart.

🔔If you are an exchange, project party, or fund operator
1. The direct targets and key subjects of this and future regulatory crackdowns.
2. For formal exchanges, the project party
Need to completely give up the Chinese market and fully shift towards overseas compliant markets.
3. For the fund pool
Figure it out yourself, every trader's mind works faster than mine.

🔔🔔Honest cryptocurrency trading, without any business; the concept of the Chinese market for the digital currency industry has basically disappeared, and all ecosystem participants must give up any fantasies of conducting business operations domestically.