"Regulation is not the enemy of crypto; it helps us filter out the bad apples!" — Crow

Plain language interpretation:

1. Short-term impact: Big platforms thrive, small platforms struggle
Now Singapore is enforcing 'licensed operations'; exchanges without licenses must either shut down immediately or slowly close while waiting for MAS (Monetary Authority of Singapore) review. It's like running a restaurant; those without health permits are directly shut down, and those pending approval must operate while waiting for doom.

Case: Take advantage of licensed 'legitimate armies' like CoinHako and Independent Reserve directly! Users fleeing from shady exchanges are flocking to them, monopolizing market share.

Crow complains: Isn't this just 'big fish eat small fish, small fish eat shrimp'? Retail investors' wallets ultimately feed the giants!

2. User assets: Licensed exchanges are safer, but withdrawals may hit snags
Licensed entities operate according to the rules: funds are kept separate, anti-money laundering measures are in place, and hacker prevention reduces the likelihood of incidents like FTX's fund misappropriation. But for unlicensed platforms… good luck! Inability to withdraw coins and account freezes are commonplace.

Crow laughs coldly: I have a fan who stored 10 ETH in a small exchange last year, and now the customer service has run away; there’s nowhere to cry! If only they had listened to me and used a cold wallet, would it be this miserable?

3. Long-term trend: Global regulation is 'copying homework', major industry reshuffling
Singapore's move is not unique; Hong Kong, the EU, and Japan are all implementing 'licensed operations'. In the future, exchanges without licenses will be like unlicensed driving—getting caught on the road!

Data speaks: More than 50 countries worldwide require exchanges to be licensed (according to IMF data), and big players like Binance and Coinbase are frantically obtaining licenses, while small exchanges must either sell themselves or go bankrupt.

Crow's perspective: Don’t criticize regulation harshly; think about how many people were affected by the Three Arrows Capital collapse? Regulation is helping retail investors 'clear the mines'!

4. Impact on the market: Short-term pain, long-term benefits

Liquidity: Singapore's trading volume accounts for 5% of the world; the closure of shady exchanges may cause some slight fluctuations, but the impact won't be significant.

Emotional differentiation: Some say 'regulation stifles freedom', but institutional funds are actually more willing to enter the market—only when compliant can they play big!

Case reference: Last year, Binance exited Canada, and local licensed exchange Bitbuy saw its trading volume surge by 40%, indicating that retail investors ultimately vote with their feet!

5. What should investors do?

Check the list now: Go to the MAS website to see if your exchange has a license (search for the link yourself, don’t be lazy!).

Withdraw! Withdraw! Non-licensed platforms' coins should be quickly transferred to cold wallets or compliant exchanges; don't wait until they run away to complain.

Changing battlegrounds: The licensing markets in Hong Kong and Dubai are appealing, but remember—always check the rules first!


Those criticizing regulation now may be thanking it on their knees three years later. Remember Crow's words: In a bull market, it's about profits; in a bear market, it's about who survives longer—compliance is the oxygen for survival!

Follow Crow, next time I'll teach you [analyzing the trends of Bitcoin and altcoins]!
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