#加密立法新纪元 Global cryptocurrency asset regulation is entering a new stage of normalization, showing three major trends:

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

2. **Widespread Licensing System**: Regions like Hong Kong and Singapore are implementing compliant licenses for exchanges, while the European Union is implementing the MiCA framework to clarify the responsibilities of operating institutions and strengthen 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.