#加密货币监管框架 Looking back at the past, one can't help but sigh at how difficult the road of regulation has been. When the Internet rose in the 1990s, governments around the world also faced similar cross-border regulatory challenges. Now, Crypto Assets are once again challenging traditional frameworks, and governments are finally starting to confront this issue. The White House's review of overseas Crypto Assets tax policies indicates that the United States may join the "Crypto Assets Reporting Framework," which will have far-reaching implications for industry development.

From historical experience, effective cross-border regulation requires cooperation among multiple countries. The regulation of the internet was gradually improved through a similar framework back in the day. However, the decentralized nature of crypto assets makes regulation even more challenging. Striking a balance between protecting privacy and preventing tax evasion will be a significant challenge.

It is worth noting that this proposal specifically emphasizes that "new reporting requirements should not be set for DeFi transactions." This may reflect a changing attitude of the government towards innovation. Looking back at the one-size-fits-all policy during the 2017 ICO bubble, it is now clearly more cautious.

However, the establishment of a regulatory framework is often a lengthy process. The CARF plan is set to officially launch in 2027, and there will undoubtedly be many twists and turns before that. For industry participants, it is essential to actively cooperate with reasonable regulation while also guarding against the risks posed by excessive regulation. After all, history tells us that excessive regulation often stifles innovation.