Slave coins and cryptocurrencies are in a competitive relationship

Why is trading virtual currencies not illegal, but banks impose restrictions on transferring funds for buying and selling virtual currencies?

In the domestic market, trading cryptocurrencies is really a losing game because the legal environment is not friendly to the crypto industry.

In the domestic market, the legitimate rights and interests of individuals in the crypto space are definitely not protected by law.

Therefore, in the domestic market, in the realm of cryptocurrencies, any legitimate interest of individuals will not be supported or protected by law, while any illegal activities will certainly be suppressed by law.

Assuming you have one hundred bitcoins, holding one hundred bitcoins is your personal behavior; if you lose them, the law will not protect you, and if they are stolen, the law will not protect you either.

However, cashing out one hundred bitcoins comes with various risks, the biggest risk being the risk of receiving dirty money or the risk of being scammed during the cashing-out process.

In summary, in the field of cryptocurrency, there have been no wins externally and no losses internally.

The law does not prohibit you from trading cryptocurrencies, but it prohibits the provision of all services that facilitate trading. The law does not prohibit you from holding a certain currency, but it prohibits the provision of various services for cashing out.

In the domestic market, if an exchange swindles your money, there's nothing you can do about it; there is no place to defend your rights.

In the financial war of cryptocurrencies, at least for now, China has already lost the initiative. Who knows what the future holds?
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