#加密立法新纪元 The global regulation of crypto assets is entering a new phase of standardization, presenting three major trends:

1. **Mainstream Breakthrough**: The United States has approved Bitcoin spot ETFs, with traditional financial institutions entering the market in large numbers, promoting the integration of crypto assets into the mainstream financial system;

2. **Widespread Licensing**: Regions such as Hong Kong and Singapore are implementing compliance licenses for exchanges, while the European Union is implementing the MiCA framework, clarifying the rights and responsibilities of operating entities and strengthening user protection;

3. **Global Collaborative Regulation**: The FATF's new anti-money laundering regulations are being implemented, with many countries strengthening monitoring of stablecoins and cross-border transactions to prevent systemic risks.

The core of the new era is to balance innovation and security, providing clear rules for the industry and accelerating compliant development.