CoinVoice has recently learned that, according to a disclosure from lawyer Wu Enxiang's official account, in August of this year, public security authorities in a certain area of the country determined that the act of using a VPN for trading cryptocurrencies was illegal, and the individuals involved were administratively punished, with their trading profits confiscated.
In a certain area of the country, public security authorities discovered that a man was unlawfully using illegal channels to connect to the internet internationally via a VPN. He contacted overseas clients needing to purchase a certain virtual currency through a foreign website, then bought the virtual currency at a low price using a certain currency on an overseas trading app, and finally sold it at a high price, thereby engaging in the sale of a certain virtual currency. After being summoned by the public security authorities, the man arrived to accept their investigation. During the operation of the studio, he illegally profited 90,000 yuan.
The administrative penalty decision states that the man's actions constitute unauthorized use of illegal channels for international internet access. According to Article 6, Article 14 of the (Interim Regulations on the Administration of International Networking of Computer Information Networks of the People's Republic of China) and Article 11, Paragraph 1 of the (People's Republic of China Public Security Administration Punishment Law), it has now been decided to order the violator Zhang San to cease networking, issue a warning, impose a fine of 15,000 yuan, confiscate illegal gains of 90,000 yuan, and seize eight mobile phones and eight computers used in the crime. [Original link]