胡 杨
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📢05631338654 Legislation, the turning point of the cryptocurrency era has arrived!
⚠️ On January 14, 2025, the official account of the Central Political and Legal Affairs Commission 'Chang'an Jian' published an article stating that the Central Political and Legal Work Conference in 2025 clearly proposed to conduct legislative research on emerging fields such as autonomous driving, low-altitude economy, artificial intelligence, virtual currency, and data ownership.
⚠️ 1. Necessity of Legislation
Protecting investors' rights: The virtual currency market is highly complex and volatile, with many investors lacking the necessary knowledge and experience. Legislation can regulate market behavior, protect the legitimate rights and interests of investors, and reduce fraud and illegal activities.
Preventing financial risks: The anonymity and cross-border transaction characteristics of virtual currency make it easy to be used for money laundering, terrorist financing, and other illegal activities. Through legislation, supervision of virtual currency transactions can be strengthened, financial risks can be prevented, and financial stability can be maintained.
Promoting healthy market development: A clear legal framework can provide a stable development environment for the virtual currency market, attract more legitimate investors and institutions to participate, and promote healthy market development.
⚠️ 2. Challenges of Legislation
Technical complexity: The technology of virtual currency is constantly updating, and legislation needs to keep pace with technological developments to ensure the applicability and effectiveness of the law.
International coordination: The cross-border transaction characteristics of virtual currency require coordination and cooperation among countries to establish unified regulatory standards and legal frameworks.
Market reaction: Legislation may have a certain impact on the virtual currency market, requiring a balance between regulatory intensity and market vitality to avoid excessive regulation that stifles market innovation.
⚠️ 3. Suggestions for Legislation
Clarify the legal framework: Develop a clear legal framework for virtual currency, including definitions, classifications, trading rules, tax policies, etc., to provide clear legal guidance for market participants.
Strengthen regulatory cooperation: Enhance international regulatory cooperation, establish information sharing mechanisms, and jointly combat illegal activities in the virtual currency sector.
Promote technological innovation: During the legislative process, encourage technological innovation, support legitimate virtual currency projects and applications, and promote the development of blockchain technology.
Education and publicity: Strengthen education and publicity for investors, improve their understanding of the virtual currency market and risk awareness, and reduce blind investment and fraud.
⚠️ On January 14, 2025, the official account of the Central Political and Legal Affairs Commission 'Chang'an Jian' published an article stating that the Central Political and Legal Work Conference in 2025 clearly proposed to conduct legislative research on emerging fields such as autonomous driving, low-altitude economy, artificial intelligence, virtual currency, and data ownership.
⚠️ 1. Necessity of Legislation
Protecting investors' rights: The virtual currency market is highly complex and volatile, with many investors lacking the necessary knowledge and experience. Legislation can regulate market behavior, protect the legitimate rights and interests of investors, and reduce fraud and illegal activities.
Preventing financial risks: The anonymity and cross-border transaction characteristics of virtual currency make it easy to be used for money laundering, terrorist financing, and other illegal activities. Through legislation, supervision of virtual currency transactions can be strengthened, financial risks can be prevented, and financial stability can be maintained.
Promoting healthy market development: A clear legal framework can provide a stable development environment for the virtual currency market, attract more legitimate investors and institutions to participate, and promote healthy market development.
⚠️ 2. Challenges of Legislation
Technical complexity: The technology of virtual currency is constantly updating, and legislation needs to keep pace with technological developments to ensure the applicability and effectiveness of the law.
International coordination: The cross-border transaction characteristics of virtual currency require coordination and cooperation among countries to establish unified regulatory standards and legal frameworks.
Market reaction: Legislation may have a certain impact on the virtual currency market, requiring a balance between regulatory intensity and market vitality to avoid excessive regulation that stifles market innovation.
⚠️ 3. Suggestions for Legislation
Clarify the legal framework: Develop a clear legal framework for virtual currency, including definitions, classifications, trading rules, tax policies, etc., to provide clear legal guidance for market participants.
Strengthen regulatory cooperation: Enhance international regulatory cooperation, establish information sharing mechanisms, and jointly combat illegal activities in the virtual currency sector.
Promote technological innovation: During the legislative process, encourage technological innovation, support legitimate virtual currency projects and applications, and promote the development of blockchain technology.
Education and publicity: Strengthen education and publicity for investors, improve their understanding of the virtual currency market and risk awareness, and reduce blind investment and fraud.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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