2026-01-11 09:01:08

Recently, discussions about CARF have been quite active, with many people interpreting policies. Here, I need to clarify a misconception—the CARF mechanism currently does not directly apply to Chinese users, and we are not within its reporting scope yet. But that doesn't mean there is no impact. The true power of CARF lies in how it has changed the ecosystem of fiat currency inflows and outflows, as well as influenced the operational paths of major compliant platforms. In other words, although it hasn't been directly named for now, the subsequent butterfly effect is worth close observation.

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ParanoiaKing

· 01-11 09:31

Oops, another wave of people are scared off by CARF. Time to stay calm. It's not our turn yet, but the ecosystem has changed, and that's the real trouble. Fiat on-ramps are blocked, compliant platforms all have to change their strategies, and we don't know what’s coming next. Butterfly effect stuff is the most annoying, hard to defend against. Don't just focus on the policy text; you need to see how major institutions are responding—that's the key. Watching and waiting, we'll talk later.

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SerumSurfer

· 01-11 09:22

Haha, some people really treat CARF as if they are directly hammering themselves. To put it simply, it's like throwing punches from a distance. By the way, when will the butterfly effect become clear? It feels like major platforms are secretly adjusting. Wait, do you think there will be more restrictions on us in the future? That's the key point. Once the fiat on-ramp changes, all the gameplay changes. Watching others' policies, we're just pondering our own future. It's a bit hopeless.

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PonziWhisperer

· 01-11 09:22

Ha, finally someone explained clearly. That group of people before really scared everyone enough. We temporarily dodged a bullet, but we still need to pay attention to the CARF ecosystem overhaul. Basically, the fiat on/off ramp is about to change, and compliant projects will have to adjust accordingly. Sooner or later, we will also have to endure the aftershocks. It feels like the bomb hasn't detonated yet, and everyone is waiting for the next move. This is the real killer move, invisible but perceptible.

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ChainWatcher

· 01-11 09:19

To be honest, the recent public opinion about CARF has been somewhat exaggerated. Why are our domestic users so anxious? The butterfly effect is indeed worth paying attention to; the key is how exchanges respond. Let's stay on the sidelines for now; after all, policies are always slow to catch up. The fiat on-ramp tightening is real, and that's the core issue. Let's wait and see; it feels like there's more to come.

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FundingMartyr

· 01-11 09:12

Buddy, this is the key point. Indirect influence is often more ruthless than direct strikes. --- So, the fiat on-ramp is the critical point, regardless of whether we're on the list or not. --- Let's wait and see the follow-up. The butterfly effect can't be prevented. --- Got a bit of it now. Things seem fine on the surface, but there are underlying currents. --- Regulated platforms need to change their operational strategies. This wave has indeed constrained them. --- The focus is wrong. We should be watching the channels for money inflow and outflow. --- Brilliant! Not calling it out directly actually makes the effect even more explosive.

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