Livio Weng of Xinhuo Technology: Rare Reversal in Mainland Crypto Trends At the Finternet 2025 roundtable discussion on Hong Kong and mainland policies held on November 4, Xinhuo Technology CEO Livio Weng talked about the shift in mainland crypto policies from support to control. He compared it to the 2017 licensing rumors that were halted due to issues like pyramid schemes, pointing out that the complexity of national conditions and differences in public perception are key factors. He mentioned Hong Kong's regulatory exploration from 0 to 1 over the three years from 2022 to 2025, with initiatives like the issuance of License No. 7, global liquidity connectivity, and the approval of the Solana Staking ETF this year, signaling the formation of regulatory confidence. He predicts that the industry will accelerate development under regulatory guidance in the next three years. Video source: https://www.(youtube.com)/live/BYFUToGEsw4?si=E-7Kf_QBiMizLkCY