#DeepCreationCamp

Hello friends. In today's article, I will be discussing the evolution of crypto regulations and my thoughts on their impact on individual investors, exchanges, and cryptocurrencies, specifically BTC. Thank you in advance for taking the time to read.
The cryptocurrency market is entering a new era in 2026 with the maturation of regulations. SEC guidelines and Clarity Act discussions in the US, the full implementation of MiCA in Europe, and strict approaches from countries like China, India, and Russia directly affect individual investors, exchanges, and major assets like Bitcoin (BTC). In this article, I will analyze the positive and negative aspects of these regulations, based on market logic. I will also share my own trading experiences. For example, I will share practical insights such as investors turning to offshore exchanges in India due to the TDS burden in 2025. My aim is to offer investors strategies for managing risks, because while regulations bring clarity, they can also create new obstacles.
First, let's look at the US. The SEC released FAQs in 2026 encouraging crypto adoption: increasing capital efficiency by reducing stablecoin haircuts for broker-dealers to 2%. While the Clarity Act passed the House, it's experiencing bottlenecks and delays in the Senate regarding stablecoin yields, aiming to constrain the SEC by transferring most digital assets to the CFTC. In my view, the positive effects are clarity, accelerating institutional entry; for example, new rules for tokenized securities are expanding BTC ETFs, increasing liquidity. My personal experience: I achieved a 15% return on a portfolio in 2024 thanks to the SEC's tokenized asset guidelines, as I was able to bypass traditional intermediaries. The negative aspects I find are the restriction of stablecoin rewards, pushing retail investors towards low-yield products; also, the GENIUS Act is placing heavy burdens on issuers, potentially consolidating smaller exchanges. These developments support the price of BTC with a more capital-friendly environment, while increased enforcement could trigger volatility.
In Europe, MiCA fully came into effect at the end of 2024 and is enforcement-focused in 2026. It stands out with licensing for stablecoin issuers, investor protection through transparent disclosures, reserve requirements, and AML integration. Positive effects include facilitating cross-border operations. 102 CASPs are registered, increasing trust. It offers a safer environment for individual investors: for example, MiCA's market abuse controls protect investors from a flash loan attack in 2025, similarly mitigating risks. For exchanges, standardization strengthens large players, such as bank integrations, increasing TVL (TVL) in this environment of trust. Negative aspects include high compliance costs (KYC, reserves), which could drive smaller firms out of the market. In particular, tax reporting with DAC8 erodes investor privacy. More liquid markets are positive for BTC and cryptocurrencies, but strict regulations can slow speculative trading, potentially limiting growth potential while stabilizing price fluctuations.
Now let's turn to economies like China, India, and Russia, which are critical in terms of regulation. For example, in China, Ban 2.0 (February 2026) banned stablecoins and RWAs, making crypto trading illegal. This decision, with its CBDC focus, could indirectly increase global stablecoin demand; however, it creates offshore opportunities for individual investors. Local access restrictions and mining pressure are lowering the BTC hash rate. The clearest example of this is the 5% drop in BTC in 2025 due to Chinese miner sales. Exchanges are fleeing to offshore markets, fragmenting liquidity. In India, Budget, while maintaining a 30% gains tax and 1% TDS in 2026, introduced penalties for misreporting. FIU-IND blocked foreign exchanges and tightened KYC. As a result, regulated access is positive for BTC and cryptocurrencies, but penalties deter speculative trading. In Russia, a new law (July 2026) sets a $4,000 annual limit for retail investors, unlimited for qualified individuals. Locally licensed exchanges are mandatory, while payments are prohibited. On the positive side, legalization increases investor access; post-test trading is possible for liquid assets like BTC. On the negative side, the limits restrict retail participation, and foreign exchanges are blocked. This could slow down the hash rate increase I foresee with the legalization of mining in Russia in 2025. From an exchange perspective, there's local consolidation, but the bans on anonymous coins are reducing diversity.
Ultimately, these regulations are attracting institutional capital by bringing clarity. I expect BTC to surpass $100,000 in 2026 because friendly environments in the US and Europe will prevail. However, high costs, access restrictions, and privacy erosion are pushing individual investors towards passive strategies. My methodology is to use regulated exchanges.Yes, friends, please share your thoughts and opinions in the comments about the regulations in your countries and how these regulations are shaping your investments. You can also share your thoughts using the hashtag #深度创作营 if you wish.