2025-12-05 18:39:25

Here are answers to the most frequently asked compliance questions lately:

Can individuals hold crypto? There’s no explicit ban at the policy level, but in reality, it’s getting increasingly difficult to move money in and out.

Is it safe to use a Hong Kong entity? Don’t be so naive. Regulators focus on substance—where your users are and where the money is coming from—that’s what really matters.

Is inviting people into groups a violation? This time it’s made very clear: WeChat groups, Telegram groups, or even sending a registration link all count as illegal solicitation.

Is doing technical development always safe? It’s still within the scope of enforcement. Saying “I’m just a coder” won’t hold up legally. Technical service providers are still held responsible.

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MidnightTrader

· 11h ago

The concept of a "Hong Kong entity" has long been obsolete; regulators aren't buying into this empty talk at all. It's only a matter of time before fiat on- and off-ramps get choked off, so anyone who can still move funds should hurry. Just because you write code doesn't mean you're above it all—unfortunately, that's not how the law sees it. When it comes to traffic diversion, it's really a one-size-fits-all ban now. Even links aren't allowed, so all the old tricks have to change. As for holding tokens, they say it's not banned, but in reality, they're slowly blocking every avenue.

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HashBard

· 12-05 19:09

nah the "just writing code bro" defense is so 2021... regulatory teeth finally catching up to the narrative we've been spinning for years, metaphorically speaking. substance over jurisdiction theater, always has been.

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JustAnotherWallet

· 12-05 19:08

Deposits and withdrawals are getting increasingly restricted; it's tough for those holding coins. Thinking of using a Hong Kong entity to dodge regulations? Ha, that's naive. They're watching the real money flows. Even sharing a link is illegal? There's really no way out this time, you can't even promote anymore. Think writing code gives you immunity? Don't kid yourself—if you're responsible, you'll still be held accountable. No one can escape.

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RiddleMaster

· 12-05 18:52

The Hong Kong shell company trick hasn't worked for a long time; regulators aren't stupid—they're watching where the money flows.

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OnChain_Detective

· 12-05 18:48

nah the hong kong loophole thing is peak copium honestly... regulators looking at actual flow patterns, not your legal entity address fr fr

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