Yan favors oversight of market deployers rather than the blockchain, while Hyperliquid’s interface still bars US-based users and VPN circumvention.

The plan prioritizes trade and finance in the Yangtze River Delta and industrial applications in Chengdu-Chongqing, alongside continuing restrictions on crypto business.

The exchange seeks preliminary and permanent injunctions after Ohio demanded an immediate halt to sports contracts and written confirmation of compliance by Oct. 16.

A separate paper explains how regulated firms must manage DeFi risks. Both consultations close Nov. 18.

Affected customers will receive individual deadlines for closing positions and withdrawing assets. Users without a notice can continue subject to the exchange’s terms.

Deputies approved the amendment by one vote. If enacted, it would end tax deferral for conversions into single-currency e-money tokens from January 2027.

The 2027 budget amendment would end tax deferral for swaps into single-currency stablecoins from January 1, but it is not yet law.

Gemini has already paid the $5 million penalty. A permanent injunction and restrictions on publicly denying the case's findings remain in place.

A separate restriction on direct crypto trades between individuals takes effect July 1, 2027, requiring residents to use authorized intermediaries.

Holders can request fiat or USDT as the project prepares to retire its tokens, but the shutdown documents leave the gold reserves’ disposition unspecified.