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The China Securities Regulatory Commission (CSRC) has issued a statement
Confiscating all illegal gains from Tiger, Futu, and Changqiao's offshore operations
And, after two years of focused rectification, fully banning illegal cross-border operations of offshore securities, futures, and fund management institutions
In addition to rectifying these companies,
Actions will also be taken against offshore illegal operating organizations, domestic accomplices and intermediaries, domestic internet platforms, and self-media
The good news is, it seems not targeted at the cryptocurrency circle