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

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

2. **Licensing System Popularization**: Places like Hong Kong and Singapore are implementing compliance licenses for exchanges, the EU is implementing the MiCA framework, clarifying the rights and responsibilities of operating institutions, and strengthening user protection;

3. **Global Collaborative Regulation**: The FATF's new anti-money laundering regulations are being implemented, multiple countries are 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.