香港的SFC在Ripple的法律挑戰中排除了XRP列表中的XRP

在一個令人驚訝的舉動中激發了加密貨幣社區中的辯論，香港的證券和期貨委員會（SFC）使Ripple的XRP脫離了其經過認可的加密貨幣的貿易清單。

Hong Kong’s Securities and Futures Commission (SFC) has left Ripple’s XRP off its list of approved cryptocurrencies for trading, a surprising move that has sparked debate within the cryptocurrency community.

香港的證券和期貨委員會（SFC）將Ripple的XRP拒之門外，其批准的加密貨幣清單以進行交易，這一令人驚訝的舉動引發了加密貨幣社區中的辯論。

The announcement, made on January 27, 2025, coincided with the licensing of two local exchanges, PantherTrade and YAX. However, only Bitcoin (BTC), Ether (ETH), Avalanche (AVAX), and Chainlink (LINK) were greenlit for trading on these platforms, leaving XRP conspicuously absent.

該公告於2025年1月27日發表，恰逢兩次當地交流（PantherTrade和Yax）的許可。但是，只有比特幣（BTC），Ether（ETH），Avalanche（Avax）和ChainLink（鏈接）才能在這些平台上進行交易，而XRP顯然不存在。

This decision is particularly noteworthy given XRP’s prominence as one of the world’s most traded cryptocurrencies and its widespread use in cross-border payment systems, especially in emerging markets.

鑑於XRP作為世界上交易最多的加密貨幣之一及其在跨境支付系統中的廣泛使用，尤其是在新興市場中的廣泛使用，這一決定尤其值得注意。

The omission becomes even more striking as Hong Kong positions itself as a leading hub for digital asset innovation in Asia.

隨著香港將自己定位為亞洲數字資產創新的領先樞紐，遺漏變得更加驚人。

The SFC did not provide specific reasons for excluding XRP, but experts speculate that Ripple’s ongoing legal challenges in various jurisdictions may have influenced the decision.

SFC沒有提供排除XRP的具體理由，但專家推測，Ripple在各個司法管轄區的持續法律挑戰可能影響了這一決定。

Regulatory Hurdles and Legal Uncertainty

監管障礙和法律不確定性

Throughout its existence, Ripple has faced significant regulatory scrutiny globally, most notably in the United States. While Ripple achieved partial victories in its legal battle with the U.S. Securities and Exchange Commission (SEC) in 2023, questions about XRP’s classification as a security versus a utility token remain unresolved in some regions.

在整個生存過程中，Ripple在全球範圍內都面臨著嚴重的監管審查，最著名的是在美國。儘管Ripple在2023年與美國證券交易委員會（SEC）的法律鬥爭中取得了部分勝利，但在某些地區，有關XRP分類作為安全與公用事業令牌的問題仍然無法解決。

This lingering uncertainty could have prompted Hong Kong regulators to take a cautious approach when considering XRP for approval.

這種揮之不去的不確定性可能促使香港監管機構在考慮XRP批准時採取謹慎的方法。

Hong Kong’s regulatory framework for cryptocurrencies is among the strictest in the world.

香港對加密貨幣的監管框架是世界上最嚴格的。

Exchanges must adhere to rigorous anti-money laundering (AML) and counter-terrorist financing (CTF) requirements to secure approval. Analysts suggest that XRP’s omission may reflect concerns about compliance or potential risks associated with its legal status.

交易所必須遵守嚴格的反洗錢（AML）和反恐融資（CTF）要求，以確保批准。分析師認為，XRP的遺漏可能反映出對合規性或與其法律地位相關的潛在風險的擔憂。

Implications for Ripple and XRP Investors

對Ripple和XRP投資者的影響

The exclusion of XRP from Hong Kong’s approved list could have broader implications for its adoption and market perception.

從香港批准的名單中排除XRP可能會對其採用和市場看法具有更大的影響。

As one of Asia's financial powerhouses, Hong Kong’s regulatory decisions often carry weight across the region.

作為亞洲的金融勢力之一，香港的監管決定經常在整個地區承擔重量。

This move may influence other jurisdictions to adopt a similarly cautious stance toward XRP until its legal and regulatory issues are fully resolved. For investors, this development adds another layer of uncertainty to XRP’s future.

此舉可能會影響其他司法管轄區，以對XRP採取類似謹慎的立場，直到其法律和監管問題得到充分解決。對於投資者而言，這一發展為XRP的未來增加了另一層不確定性。

While the token remains available on global exchanges, its omission from a key market like Hong Kong could dampen institutional interest or trading volume in the short term.

儘管該令牌仍在全球交易所中可用，但其省略了像香港這樣的主要市場，可能會在短期內削弱機構的利益或交易量。

However, some industry insiders remain optimistic about XRP’s long-term prospects.

但是，一些行業內部人士對XRP的長期前景保持樂觀。

Ripple continues to expand its partnerships with financial institutions worldwide and is actively pursuing regulatory clarity in multiple jurisdictions. If Ripple can overcome these challenges, XRP could still emerge as a leader in blockchain-based payment solutions.

Ripple繼續擴大與全球金融機構的合作夥伴關係，並正在積極追求多個司法管轄區的監管清晰度。如果Ripple可以克服這些挑戰，XRP仍然可以成為基於區塊鏈的支付解決方案的領導者。

What’s Next for Hong Kong’s Crypto Landscape?

香港的加密景觀下一步是什麼？

Hong Kong has been actively working to establish itself as a global crypto hub by implementing clear regulatory guidelines for digital assets. Initially aiming to certify 11 crypto trading platforms by 2024, the SFC has faced delays due to compliance complexities.

香港通過實施明確的數字資產監管準則，一直積極地努力將自己確立為全球加密樞紐。最初，由於合規複雜性，SFC最初旨在到2024年獲得11個加密貨幣交易平台，因此面臨延誤。

The licensing of PantherTrade and YAX marks progress but also highlights the cautious approach regulators are taking.

PantherTrade和Yax的許可標誌著進展，但也強調了監管機構正在採取的謹慎方法。

As the crypto industry evolves, it remains to be seen whether XRP will eventually earn a place on Hong Kong’s approved list or continue to face barriers in this critical market.

隨著加密貨幣行業的發展，XRP是否最終將在香港批准的列表中佔有一席之地尚待觀察，還是繼續在這個關鍵市場中面對障礙。

For now, Ripple must navigate an increasingly complex web of global regulations while striving to maintain investor confidence.

目前，Ripple必須在努力維持投資者信心的同時，瀏覽日益複雜的全球法規網絡。

The omission of XRP serves as a reminder of the challenges cryptocurrencies face in achieving widespread regulatory acceptance—a crucial step toward mainstream adoption.

XRP的省略提醒人們加密貨幣在實現廣泛的監管接受方面面臨的挑戰，這是朝著主流採用的關鍵一步。