From "No Man's Land" to "Model Zone"

Many people miss the excitement of the early No Man's Land—more opportunities, fewer restrictions, and price swings driven entirely by courage. But the mark of a mature market is precisely when No Man's Land becomes a Demonstration Zone. Increased guidance essentially means infrastructure is improving.
For example: it used to be off-road driving; now it's highways. Off-road is thrilling but has a high rollover rate; highways, with speed limits, make it easier to reach distant destinations.
Virtual assets aiming to enter the mainstream financial system can't avoid three key aspects: custody security, information transparency, and investor protection. Regulatory guidance often revolves around these points.
Humorously speaking, the industry is transitioning from "Crypto Youth" to "Financial Adulthood." Youth is full of hormones and stories; adulthood involves more responsibilities but offers a more stable space.
Investors also need to upgrade their thinking—shifting from chasing hot topics to focusing on ecosystems, compliance, and sustainability. In the future, what will truly be valuable may not be the best marketers, but those capable of long-term operation.
Therefore, these policy developments should be viewed less as positive or negative news and more as indicators of industry maturity. The higher the maturity, the more large funds are willing to come in.
In conclusion: bubbles create legends, while制度沉淀价值 (systematic sedimentation creates value).
——Interaction——
👉 Do you think the crypto world is now a few years old?
👉 More like a teenager or an adult? #香港拟年内再推虚拟资产指引