Behind the anonymous cross-border flow of encrypted assets #中国加密新规 , there are dark channels of capital flow and the struggle of national financial control systems. Every unauthorized Bitcoin transaction may become a hidden channel to bypass foreign exchange controls, eroding the foundation of national financial sovereignty. The firewall constructed by new regulations is essentially a digital defense against the disorderly flow of capital.

Looking deeper, the global distribution characteristics of cryptocurrency nodes mean that transaction data may constantly flow to overseas servers. This fundamentally conflicts with the 'data localization' principle emphasized by China's 'Data Security Law' and 'Personal Information Protection Law' — every unaudited on-chain interaction challenges the boundaries of national data sovereignty. Behind the iron-fisted regulation is a zero-tolerance approach to the cross-border risks of financial data.