Huobi Live discusses the crypto market under security storm and regulatory dividends: adhere to compliant operations and put users first

On June 6, crypto KOLs 0xWill, NihaoVand,DAOctor Who, dr. k., dylancz.ethThe theme of this live broadcast is "FromSafetyFrom Storm to Regulatory Dividend, Where Will the Crypto Market Go? "To explore the impact of Hong Kong's regulatory policies and the 21st Century Financial Innovation and Technology Act (FIT21 Act, HR 4763) on the crypto industry and how Huobi HTX protects user assets in the regulatory eraSafety.

Can Hong Kong become a crypto treasure trove?

As we all know, Hong Kong has beencryptocurrencyThe market is looking forward to its openness and inclusiveness.exchangeLicensing is over, crypto native largeexchangeAlmost all of them have withdrawn from the competition, making encryptionCommunityVery disappointed. Can Hong Kong still become the expected crypto treasure land?

0xWill said in the live broadcast that Hong Kong has relatively high compliance requirements, requires various licenses, and cannot contact various institutional investors, which makes offshore institutions have concerns.

NihaoVand analysis said that it is not optimistic about the Hong Kong government'scryptocurrencyWith the attitude of the SEC, Hong Kong may eventually become an arbitrage market. He pointed out that compliance in Hong Kong is very difficult, and the market is dominated by institutions, making it difficult for retail investors to survive. Under the influence of various factors, the possibility of USDT being sued cannot be ruled out, but the selling pressure will not be great.

DAOctor Who看好香港作为加密资产管理中心的地位，但其认为交易所生存较难。 香港适合机构投资者，但不适合散户投资者，尤其在美国开放交易后，香港的生存空间将更小。综合而言，香港的监管缺乏通盘考虑，也就是说尽管它借鉴了诸多传统金融的监管要求，但可能过于严格。

Dr. K. said that in the process of approving the license of the Hong Kong Stock Exchange, it seems that exchanges with mainland backgrounds are reluctant to participate. Hong Kong hopes that the industry will develop healthily and attract more people to participate. As a front-end experiment for the mainland, Hong Kong will definitely relax its supervision in the future. At present, we have seen that surrounding countries and regions are actively embracing Web3, which is expected to force Hong Kong to speed up its pace.

What impact will the FIT21 bill have on the crypto industry?

At the end of May this year, the FIT21 bill led by the US Republican Party was passed by the House of Representatives on May 22 local time. It is the first bill attempting to comprehensively define how the United States should regulate the crypto market.

0xWill believes that the passage of the FIT21 Act was driven by Grayscale's victory in the lawsuit. In the future, the United States will be more welcoming to the crypto market. The starting point of its regulation is, on the one hand, to maintain market order, and on the other hand, to protect investors.

DAOctor Who pointed out that the passage of the FIT21 bill will change the situation of the US regulatory game and make the US more friendly to the crypto market. In the future, many digital assets will be regarded as commodities and the US SEC will no longer intervene. US regulation will have a greater impact on the project.TokenEconomics has a great impact, the reason and advantage is that it has the largest crypto market.

dylancz.eth analyzed that the US regulators are cautious about decentralized transactions and the supervision may be stricter. In the future, local dog and meme projects may face stronger compliance requirements. At the same time, centralized encryption services in the United States will face greater risks, while decentralized projects are relatively better.

In addition, speaking of the United StatesXiaobai NavigationRegarding the impact of the election on the crypto market, NihaoVand believes that the final result will not affect the price trend of the crypto industry. Dr. K. believes that many of Trump's actions are inconsistent, and his attitude before and after the election may be completely different. In view of this, the future hotspot of cryptocurrencies may not be in the United States, but may be in Southeast Asia.

In the regulatory era: Huobi HTX insists on compliant operations and puts users first

When talking about the issue of "Bybit suddenly opening registration for Chinese users, and Chinese ID cards can even pass KYC real-name authentication", the participating guests had extensive discussions and paid attention.

Huobi HTX said that since its establishment, it has always adhered to compliant operations around the world and has obtained compliance licenses from Japan, South Korea and other countries. In addition, it has also reached in-depth cooperation with sovereign countries such as Dominica and world-renowned companies such as Visa.

It is reported that in 2023, Huobi HTX, as a virtual asset exchange partner of TRON and DMC Labs, fully supports the implementation of the Dominica Digital Identity (DDID) project. Users holding DDID enjoy multiple rights and interests, including: KYC certification identity for mainstream trading platforms, opening bank accounts or financial accounts in accordance with local laws and regulations, registering companies that provide digital services, KYC registration service identity, etc.

火币HTX还指出，为确保平台用户资产安全，始终保持100%储备金。未来，火币HTX将坚持安全合规运营，优先考虑用户满意度，持续监控和适应不断变化的市场动态。

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