In fact, there is no need for cryptocurrency trading platforms to be too compliant. The earliest domestic platform was Bitcoin China. Yang Linke advertised everywhere in 2011, and later Li Qiyuan operated it. He has always wanted to give both coins and money to banks for custody, and give banks a little storage fee. With bank custody, he can also have more users. He only does trading and honestly earns commissions. Because of this, his younger brother developed Litecoin in 2011. In 2013, Litecoin had a well-known holder named Xu. Okcoin was the first major platform to launch LTC, and Xu was able to own his own house in Beijing during the 2014-2015 bear market, which I think is closely related to Litecoin. In 2014, Huobi launched ltc, but it was not until 2015 that btcc launched Wright, which mainly wanted to comply with the regulations. As a result, it got up early, caught up with a late gathering, and ended up being the first one. Later, it was sold to a Hong Kong company, but it never came to fruition after 1994. Another thing is Hashkey. The most profitable business now is the OTA business, and the core is to monetize some virtual currencies confiscated by domestic public security, procuratorial and judicial authorities. If it is too compliant, there will be no users. Once Binance and others provide users' tax related information to the United States and some governments, the speed of user churn will also be the fastest. So in this game, the platform is likely to remain gray for a long time.