Why do individuals who buy and sell USDT have their bank cards frozen at best, or may be classified as money laundering crimes at worst? If ordinary people have their bank cards frozen for buying and selling virtual currencies, how should they communicate with the public security organs to unfreeze their bank cards and avoid criminal risks?
01 It was not difficult to unfreeze a card in the early years
In 2019 or even earlier, the situation of freezing bank cards due to virtual currency transactions was not complicated. As long as evidence related to the transaction can be provided to prove that it is a normal purchase and sale of virtual currency, the police will usually unfreeze the bank card.
Because the crowd in the cryptocurrency circle was relatively simple at that time, although many people entered the market for speculation, the overall risks and criminal activities were relatively limited. And virtual currencies like Bitcoin, which have slow transaction speeds and large price fluctuations, are not suitable as a tool for criminals to launder money.