#加密货币监管发展# Looking back at the development of Crypto Assets regulation, I have witnessed many important moments. Recently, the news that a subsidiary of Nomura Securities obtained a license for Crypto Options in Dubai made me reminisce about the days ten years ago when Bitcoin was still in a gray area. At that time, governments around the world had ambiguous attitudes towards Crypto Assets, and regulation was almost non-existent. Now, seeing traditional financial giants enter the encryption field and operate within a regulatory framework, I can't help but marvel at how quickly times have changed.

The Dubai Virtual Assets Regulatory Authority has issued its first license for crypto over-the-counter options, reflecting the local openness to crypto innovation. Looking back at the 2017 ICO boom, many projects evaded regulation, ultimately leading to a bubble that harmed investors. Now, with clear regulations in place, not only are user rights protected, but it also promotes healthy industry development, making it a win-win situation.

However, historical experience tells us that excessive regulation can stifle innovation. I hope that countries can balance risks and opportunities when formulating policies, giving the industry reasonable room for development. After all, the potential of encryption technology goes far beyond the financial sector and may change the landscape of more industries in the future. Although we veterans have retreated to the background, we will continue to pay attention to this vibrant industry and witness its every step of growth.