Many people's first reaction upon seeing the announcement is, 'Are they going to investigate major players again? Should we liquidate our holdings and run?'

Why panic? China hasn't been listed on the CARF list yet, and Binance has clearly stated it won't provide services to users in mainland China, so there's no need to worry in the short term.

However, the CARF list keeps expanding. By 2027, 27 additional jurisdictions are expected to be added, bringing the total over 75. The U.S. is also planning to implement it in 2028, and China is highly likely to follow suit.