#加密货币监管发展# The move by the Hong Kong Monetary Authority is undoubtedly an important step towards standardization. Although there are currently no licensed issuers, the establishment of this record book lays the foundation for future market development. As a practitioner who has long been following regulatory trends in various places, I believe this gradual approach is commendable. It not only releases positive signals but also gives the market enough preparation time. However, whether it can attract quality issuers to get on board depends on the specific approval standards and regulatory details. I will continue to monitor relevant progress and adjust strategies in a timely manner. After all, in this rapidly changing market, grasping the pulse of policies is often the key to success.