ChainCatcher message, CryptoQuant CEO Ki Young Ju posted on social media: "The Korean won and other domestic assets are completely unattractive. The government is unaware of this and is merely forcing price maintenance, which has led to a surge in the exchange rate. The USDT traded on Upbit has already reached an IMF crisis-level exchange rate.I personally believe that there is a massive outflow of national wealth occurring. Many wealthy individuals I know are leaving South Korea. The outflow of national wealth is just a reflection of the country's cognitive ability, isn't it?" He further pointed out: "The government should not forcibly retain capital fleeing overseas, but rather think about how to encourage capital to return voluntarily.We need to cultivate industries, provide incentives for investors, and open up business opportunities. I hope to stop these unnecessary regulations. Due to my limited understanding of domestic politics, I don't know who can make such changes. As a Korean company, I have persisted for 7 years, but now I am also considering whether I should leave South Korea. It is truly frustrating."

ChainCatcher news, according to Cointelegraph, former Vice President of Global Marketing and Communications at Binance, Steve Milton, stated that Trump may reduce the U.S. government's regulation of the cryptocurrency industry. Trump has been outspoken about the need to reduce government intervention in people's lives and has consistently supported cryptocurrencies... Trump's victory, along with the Republican majority in the U.S. Senate, is a "historic achievement" for cryptocurrency regulation in the United States.

ChainCatcher news, according to Cointelegraph, the founder of the decentralized lending platform Curve Finance, Michael Egorov, believes that the potential risks of over-collateralized stablecoins are not necessarily the reserve-related risks commonly noted by investors, but rather the geopolitical risks brought about by government regulation.In an interview, Egorov stated that the underlying assets supporting collateralized stablecoins, including cash deposits from financial institutions and government securities such as U.S. Treasury bonds, are easily susceptible to asset freezes and seizures.

ChainCatcher news, following the alleged fraud case involving the cryptocurrency trading platform JPEX, the police and the Securities and Futures Commission have recently investigated another platform "HOUNAX," involving funds of 148 million yuan. Currently, the official Facebook page of this platform is no longer accessible.In response to the regulation of virtual platforms and fraud, Hong Kong Chief Executive John Lee stated that government regulation is very important to protect investors' interests while cracking down on unlicensed platforms. If there is a need to empower regulatory agencies, the government will actively cooperate. In addition, investors must use licensed platforms for virtual asset trading online to safeguard their interests.

ChainCatcher news, according to VnExpress, Vietnamese Prime Minister Pham Minh Chinh stated that, given the ongoing trading of crypto assets by Vietnamese residents, the Vietnamese government should study cryptocurrency regulation and include amendments for virtual currencies in the anti-money laundering bill. It is reported that the National Assembly of Vietnam will discuss the anti-money laundering bill on November 1 and may decide whether to approve the bill by the end of the meeting on November 15.In addition, some local legislators in Vietnam are currently pushing for the adoption of crypto assets. In March, Deputy Prime Minister Le Minh Khai requested the Ministry of Finance to explore and amend laws aimed at establishing a cryptocurrency framework. The Prime Minister of Vietnam announced an initiative in July 2021, instructing the State Bank of Vietnam to research and conduct a digital currency pilot. (source link)