$LUNC

LUNC
0.00005525
+82.4%
💥 Double blow! USDT delisted in Hong Kong, outright ban in mainland China!
The crypto industry just took a "combo punch": both Hong Kong and mainland China have taken action against stablecoins, and the regulatory storm has truly arrived!
🔥🔥 Mainland China: Comprehensive ban, getting serious!
Officials have clearly defined stablecoins as illegal financial activities! Not only are they banned, but there will also be criminal liability. Over 300 cases have already been prosecuted this year, and 4.6 billion in funds have been intercepted. This move is paving the way for the digital yuan.
🔥🔥 Hong Kong: Major rule changes, retail investors out!
New regulations in Hong Kong are now in effect. Since Tether, the issuer, hasn't obtained a license, regular retail investors can no longer trade USDT—it's only open to professional investors. Hong Kong is using high entry barriers to filter compliant institutions, aiming to use stablecoins in cross-border trade and tourism for the real economy.
1. Major capital shift: USDT trading in mainland China will quickly shrink, with funds either shifting to the digital yuan or seeking new compliant channels.
2. Rise of the compliant: More transparent and compliant stablecoins like USDC may see new opportunities.
3. Hong Kong's strategy: Attract big institutions with strict regulation to build a "high-end compliant" financial sandbox.
🚨 The largest stablecoin is being restricted in core markets—is this the start of a new industry reshuffle? Could Hong Kong's "sandbox experiment" become the new entry point for mainstream capital in the future?
What do you think? Join the discussion in the comments! 👇