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大家好，我有一个问题困扰了我一段时间，想在这里提出来。我们看到越来越多的司法管辖区推出了自己特定的加密货币许可框架——欧洲的MiCA，美国各州的不同规定，新加坡的MAS等等。感觉每个月都有新的细微之处需要关注。
对于那些在多个地区运营的人来说，你们是如何实际处理这种日益碎片化的监管格局的？除了获得许可证之外，你们在保持合规性方面面临的最大运营挑战是什么？是大量定制的报告要求，还是对何为“交易所”或“托管人”的不同解释，抑或是其他完全不同的问题？很想听听一些关于管理这个庞然大物的真实世界观点。
It's a nightmare, frankly. We ended up pulling back from some markets because the compliance overhead just wasn't worth the potential revenue. Are you guys trying to comply with everything, or being selective?
"Patchwork" is a diplomatic way of putting it. It feels more like a game of regulatory whack-a-mole, where every time you get compliant in one spot, three new ones pop up. Any tips on affording the army of lawyers needed to keep up?
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