#加密货币监管框架建设 Seeing Chairman Wu Qing's words, I indeed felt more at ease. "If it can't be clearly seen or managed, then we definitely won't expand our business"—this statement is too resolute.

After experiencing the baptism of the cryptocurrency world over the past few years, I deeply understand what it means to "not see clearly." I still remember those glamorous project teams from back in the day, with financing news flooding the media, only to evaporate three months later, with funds having long been transferred overseas. The fact that regulatory bodies can express such sentiments indicates that they are seriously assessing risks rather than blindly following trends.

True security does not come from the frenzy of the industry, but from having someone to oversee it. The field of crypto assets is inherently full of traps—what with gold farming games, PoW mining schemes, cross-chain arbitrage; behind the seemingly high returns are almost all meticulously designed processes for harvesting retail investors. I have seen too many people brainwashed by terms like "new business models" and "innovative mechanisms," ultimately losing everything.

The cautious attitude of regulation is precisely what protects us. Instead of expecting favorable policies, it's better to learn to identify the lifecycle of projects, understand the team background, and evaluate real application scenarios. Projects that rely on regulatory loopholes will eventually encounter problems. Those that last are never the ones that walk the tightrope.