Recently, I noticed that Victory Securities has started to impose restrictions on virtual asset accounts related to mainland China IPs. This is actually not a new phenomenon. Platforms like Futu and Tiger Securities have long implemented similar measures, but at the time, not many people paid attention.

To put it simply, the regulatory tone for virtual assets in mainland China has never changed. These recent restrictions are less of a sudden crackdown and more of a gradual implementation of previous policies at the account management level.

From this perspective, restrictions by a single platform are unlikely to be just a flash in the pan. It’s more like a signal — in the future, such restrictions are likely to become normalized and a long-term standard in virtual asset account management. If you are involved in this area, you should prepare mentally and plan accordingly in advance.