The meeting on November 28 had only two key themes: illegal financial activities and stablecoin risk regulation.

Many people's first reaction is: Is another round of cleansing coming? Should we prepare for winter?

Looking at it calmly, this wave is completely not on the same level as that of 2021.

What was the scene back then? Mining farms directly pulled the power, exchanges mass-terminated users, and the entire industry chain was uprooted. That was a true industry earthquake. And now? It seems more like patching up under the existing framework — regulators are focusing on the flow of funds and the anti-money laundering aspects of stablecoins. What does this indicate? They are not aiming to start over; rather, they want to block the outflow of funds and the channels of the gray industry.

So will the market crash? There may be emotional fluctuations in the short term, after all, the news is there, and panic emotions can spread. But to say there is systemic risk? Not really. The boot has already dropped, this time it’s just stepped on a bit harder.

That being said, ordinary users still need to pay attention to certain points.

**About the issue of deposits and withdrawals**

What we need to be most vigilant about in this meeting is this. The document specifically mentions stablecoins and anti-money laundering mechanisms, which means what? It means that the scrutiny of OTC transactions will be strengthened.

If you have a large cashing out need recently, it is advisable to take it easy for a while. Especially for those who have just received profits and are eager to cash out, don't rush to transfer it to your card. More importantly: never use your salary card or mortgage card for OTC trading. In case of problems and your funds are frozen, the subsequent processing can make you run around—although you won't end up in jail, just the unfreezing procedures will be enough to give you a hard time.