回顾今年全球加密货币市场的重大监管动态

2024年对于全球区块链监管来说尤为重要和关键，加密货币行业的监管框架初步完善

2024 marks a critical juncture in global blockchain regulation as the regulatory landscape for the cryptocurrency industry is being initially refined and crypto assets integrate into the mainstream financial system.

2024年是全球区块链监管的关键节点，加密货币行业监管格局初步完善，加密资产融入主流金融体系。

The year began with a bang as the US Securities and Exchange Commission (SEC) approved the first Bitcoin and Ethereum exchange-traded funds (ETFs) on January 10 and May 23, respectively. This decision marked a 180-degree shift in the SEC's stance and paved the way for the Ethereum ETF to officially start trading on July 23.

新年伊始，美国证券交易委员会 (SEC) 分别于 1 月 10 日和 5 月 23 日批准了第一批比特币和以太坊交易所交易基金 (ETF)。这一决定标志着 SEC 立场的 180 度转变，为以太坊 ETF 于 7 月 23 日正式开始交易铺平了道路。

These two events served as major milestones in the US crypto investment landscape, with the Bitcoin ETF and Ethereum ETF providing a scalable bridge between traditional finance and cryptocurrencies, and becoming key integration points.

这两起事件是美国加密货币投资领域的重要里程碑，比特币 ETF 和以太坊 ETF 在传统金融和加密货币之间提供了一座可扩展的桥梁，并成为关键的整合点。

According to SoSoValue data, as of December 23, the total net asset value of the US Bitcoin spot ETF was $105.08 billion, accounting for 5.7% of Bitcoin's market value. The total net asset value of the US Ethereum spot ETF was $12.05 billion, accounting for 2.94% of Ethereum's market value.

SoSoValue数据显示，截至12月23日，美国比特币现货ETF总资产净值为1050.8亿美元，占比特币市值的5.7%。美国以太坊现货ETF总资产净值为120.5亿美元，占以太坊市值的2.94%。

The successful launch of these two ETFs has made it possible for more altcoin ETFs, such as Solana, Doge, and XRP ETFs, to be applied for, further promoting the maturity of the crypto asset market.

这两只ETF的成功推出，使得更多山寨币ETF，如Solana、Doge、XRP ETF等得以申请，进一步推动了加密资产市场的成熟。

This year also saw two important bills regarding US crypto regulation. On May 22, the US House of Representatives approved the Financial Innovation and Technology Act of the 21st Century (FIT21), which aims to clearly define cryptocurrencies, classify specific cryptocurrencies to determine whether they are securities or commodities, and decide which government agency (SEC or Commodity Futures Trading Commission CFTC) will regulate them.

今年还出现了两项有关美国加密货币监管的重要法案。 5 月 22 日，美国众议院批准了《21 世纪金融创新与技术法案》（FIT21），该法案旨在明确定义加密货币，对特定加密货币进行分类，以确定其是证券还是商品，并决定由哪个政府机构（SEC或商品期货交易委员会（CFTC）将对其进行监管。

However, another regulation, SAB 121, which aimed to overturn accounting standards set for companies that hold cryptocurrencies, was ultimately vetoed by President Biden on June 1. This may change with the new government taking office in the new year and facilitating the adoption of cryptocurrencies by more large companies.

然而，另一项旨在推翻为持有加密货币的公司制定的会计准则的法规 SAB 121 最终于 6 月 1 日被拜登总统否决。随着新政府在新的一年上任并促进加密货币的采用，这种情况可能会发生变化由更多的大公司。

After the US elections, the new government led by Trump is set to usher in a new regulatory model for cryptocurrencies. Trump, who supports cryptocurrencies, has appointed several pro-crypto politicians to key positions in his new government.

美国大选后，特朗普领导的新政府将迎来新的加密货币监管模式。支持加密货币的特朗普已任命几位支持加密货币的政客担任新政府的关键职位。

For example, on December 5, Trump officially nominated Paul Atkins as SEC chairman. On December 6, Trump announced the appointment of David Sacks as the White House Chief of AI and Cryptocurrency Affairs, marking the first establishment of this position.

例如，12月5日，特朗普正式提名保罗·阿特金斯为SEC主席。 12月6日，特朗普宣布任命大卫·萨克斯为白宫人工智能和加密货币事务主管，标志着这一职位的首次设立。

On December 23, 29-year-old political newcomer Bo Hines was appointed as the executive director of Trump's crypto committee. On December 13, French Hill was elected chairman of the House Financial Services Committee. This series of appointments suggests that the US may adopt more friendly policies in the field of crypto regulation in the future.

12 月 23 日，29 岁的政坛新人 Bo Hines 被任命为特朗普加密货币委员会执行董事。 12月13日，弗伦奇·希尔当选众议院金融服务委员会主席。这一系列任命表明美国未来可能在加密货币监管领域采取更加友好的政策。

In Europe, the EU's Markets in Crypto-Assets Regulation (MiCA) bill established regulatory rules for stablecoin issuers, which took effect on June 30 and was fully implemented on December 30.

在欧洲，欧盟加密资产市场监管（MiCA）法案为稳定币发行人制定了监管规则，该法案于6月30日生效，并于12月30日全面实施。

MiCA is the first complete regulatory framework from the EU for the crypto industry, particularly providing clear requirements for stablecoin regulation. Although some crypto companies have stated they are not fully prepared, under the increasingly stringent compliance requirements, competition in the European stablecoin market is bound to intensify.

MiCA是欧盟第一个针对加密货币行业的完整监管框架，特别是对稳定币监管提出了明确的要求。尽管一些加密货币公司表示尚未做好充分准备，但在日益严格的合规要求下，欧洲稳定币市场的竞争势必会加剧。

For instance, the unlicensed Tether has already invested in the Dutch company Quantoz and the European stablecoin provider StablR.

例如，未经许可的 Tether 已经投资了荷兰公司 Quantoz 和欧洲稳定币提供商 StablR。

Additionally, the UK's Financial Conduct Authority (FCA) has expressed its intention to launch a comprehensive regulatory framework for cryptocurrencies by 2026. A study commissioned by the FCA showed that the holding of crypto assets has grown by 4% over the past two years, with approximately 7 million adults holding crypto assets among the country's roughly 68 million population.

此外，英国金融行为监管局（FCA）已表示打算在 2026 年之前推出针对加密货币的全面监管框架。FCA 委托进行的一项研究显示，过去两年，加密资产的持有量增长了 4%，其中该国约 6800 万人口中约有 700 万成年人持有加密资产。

On December 21, the German parliament passed the Financial Market Digitalization Act, which is necessary for the full implementation of the MiCA regulation.

12月21日，德国议会通过了《金融市场数字化法案》，这是全面实施MiCA监管所必需的。

In Hong Kong, four new Virtual Asset Trading Platform (VATP) licenses were granted on December 18, promoting the development of stablecoins in the region.

在香港，12 月 18 日颁发了四张新的虚拟资产交易平台（VATP）牌照，促进了该地区稳定币的发展。

These licenses were awarded to Cloud Account Greater Bay Area Technology (Hong Kong), DFX Labs, Hong Kong Digital Asset Trading Group, and Thousand Whales Technology, following the earlier approval of OSL Exchange, HashKey Exchange, and HKVAX.

继 OSL Exchange、HashKey Exchange 和 HKVAX 早前获得批准后，这些牌照又分别授予云账户大湾区科技（香港）、DFX Labs、香港数字资产交易集团和千鲸科技。

With the addition of these new members, the VATP system in Hong Kong now has eight licensed platforms, facilitating the compliant operation of crypto asset service providers and the stablecoin market development.

随着这些新成员的加入，香港VATP体系现已拥有8个持牌平台，有利于加密资产服务提供商的合规运营和稳定币市场的发展。

On December 6, the Hong Kong government also announced the introduction of a stablecoin bill, which will serve as the foundation for the comprehensive regulation of fiat-backed stablecoins (FRSs) in the territory.

12月6日，香港政府还宣布推出稳定币法案，该法案将作为香港法币支持的稳定币（FRS）全面监管的基础。

This bill aims to establish a legal framework for the issuance, trading, and redemption of FRSs,

该法案旨在建立FRS发行、交易和赎回的法律框架，