香港的SFC在Ripple的法律挑战中排除了XRP列表中的XRP

在一个令人惊讶的举动中激发了加密货币社区中的辩论，香港的证券和期货委员会（SFC）使Ripple的XRP脱离了其经过认可的加密货币的贸易清单。

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.

香港的证券和期货委员会（SFC）将Ripple的XRP拒之门外，其批准的加密货币清单以进行交易，这一令人惊讶的举动引发了加密货币社区中的辩论。

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.

该公告于2025年1月27日发表，恰逢两次当地交流（PantherTrade和Yax）的许可。但是，只有比特币（BTC），Ether（ETH），Avalanche（Avax）和ChainLink（链接）才能在这些平台上进行交易，而XRP显然不存在。

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.

鉴于XRP作为世界上交易最多的加密货币之一及其在跨境支付系统中的广泛使用，尤其是在新兴市场中的广泛使用，这一决定尤其值得注意。

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

随着香港将自己定位为亚洲数字资产创新的领先枢纽，遗漏变得更加惊人。

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没有提供排除XRP的具体理由，但专家推测，Ripple在各个司法管辖区的持续法律挑战可能影响了这一决定。

Regulatory Hurdles and Legal Uncertainty

监管障碍和法律不确定性

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.

在整个生存过程中，Ripple在全球范围内都面临着严重的监管审查，最著名的是在美国。尽管Ripple在2023年与美国证券交易委员会（SEC）的法律斗争中取得了部分胜利，但在某些地区，有关XRP分类作为安全与公用事业令牌的问题仍然无法解决。

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

这种挥之不去的不确定性可能促使香港监管机构在考虑XRP批准时采取谨慎的方法。

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

香港对加密货币的监管框架是世界上最严格的。

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.

交易所必须遵守严格的反洗钱（AML）和反恐融资（CTF）要求，以确保批准。分析师认为，XRP的遗漏可能反映出对合规性或与其法律地位相关的潜在风险的担忧。

Implications for Ripple and XRP Investors

对Ripple和XRP投资者的影响

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

从香港批准的名单中排除XRP可能会对其采用和市场看法具有更大的影响。

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

作为亚洲的金融势力之一，香港的监管决定经常在整个地区承担重量。

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.

此举可能会影响其他司法管辖区，以对XRP采取类似谨慎的立场，直到其法律和监管问题得到充分解决。对于投资者而言，这一发展为XRP的未来增加了另一层不确定性。

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.

尽管该令牌仍在全球交易所中可用，但其省略了像香港这样的主要市场，可能会在短期内削弱机构的利益或交易量。

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

但是，一些行业内部人士对XRP的长期前景保持乐观。

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继续扩大与全球金融机构的合作伙伴关系，并正在积极追求多个司法管辖区的监管清晰度。如果Ripple可以克服这些挑战，XRP仍然可以成为基于区块链的支付解决方案的领导者。

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

香港的加密景观下一步是什么？

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.

香港通过实施明确的数字资产监管准则，一直积极地努力将自己确立为全球加密枢纽。最初，由于合规复杂性，SFC最初旨在到2024年获得11个加密货币交易平台，因此面临延误。

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

PantherTrade和Yax的许可标志着进展，但也强调了监管机构正在采取的谨慎方法。

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.

随着加密货币行业的发展，XRP是否最终将在香港批准的列表中占有一席之地尚待观察，还是继续在这个关键市场中面对障碍。

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

目前，Ripple必须在努力维持投资者信心的同时，浏览日益复杂的全球法规网络。

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的省略提醒人们加密货币在实现广泛的监管接受方面面临的挑战，这是朝着主流采用的关键一步。