#加密货币监管 Looking back at the development of cryptocurrency over the past few decades, regulatory policy has always been a major focus of the industry. Recently, the Korean financial intelligence authorities’ sanctions against multiple exchanges reminded me of the period in 2017 when China halted ICOs and shut down exchanges. At that time, the market was in an uproar, and many believed it was the end of the crypto industry. However, facts have proven that regulation is not a destructive force, but rather a necessary measure to promote the healthy development of the industry.

This round of sanctions in Korea mainly targets issues such as KYC violations and failure to report suspicious transactions, which precisely reflects the current compliance shortcomings in the crypto industry. In the long run, strict regulation is actually beneficial for eliminating subpar platforms and improving the professionalism and credibility of the entire industry. Investors should also recognize that only compliant platforms can provide better asset security.

However, we must also be wary of the potential negative impacts of overregulation. Recall that when the US government shut down Liberty Reserve in 2013, it triggered a sharp drop in Bitcoin’s price. Therefore, regulators need to balance innovation and risk control when formulating policies and allow the industry some room to grow.

For participants in the crypto industry, proactively embracing regulation and improving internal controls will become an inevitable trend in the future. Projects and platforms that can take the lead in compliance often stand out during industry shakeouts. Just as a group of compliance-focused exchanges rapidly rose after the 2018 bear market.

History always rises in a spiral, and I believe that this wave of regulation in Korea will ultimately become another milestone driving industry progress. We should view these changes with greater rationality and long-term perspective, seeking a balance between risk and opportunity. After all, truly world-changing innovation is never achieved overnight.