Since 2024, the cryptocurrency industry has experienced four bull markets. Is it illegal to buy and sell virtual currencies now?
Are you also worried that if you buy or sell virtual currencies in 2024, will it be illegal, will you be arrested, or even have your money confiscated? Don't worry, let's talk about this.
1. Is it illegal to buy and sell virtual currencies?
To be honest, the current national supervision of virtual currencies mainly relies on some documents such as notices and announcements. The real laws and regulations have not yet clearly stated that buying and selling virtual currencies is illegal.
2. Will the money earned from buying and selling virtual currencies be confiscated or fined?
In fact, according to national regulations, virtual currencies such as Bitcoin are not real currencies, but they are like commodities sold online. Ordinary people can buy and sell them on the premise of taking their own risks. Just like you buy something online and make money, who will confiscate you?
3. Why are people sometimes arrested or even imprisoned for buying and selling virtual currencies?
Although buying and selling virtual currencies is not illegal in itself, if it involves illegal activities such as illegal financing and money laundering, that's another story. The notices and announcements issued by the state are to remind everyone that there are risks in buying and selling virtual currencies. Don't be deceived by scammers, let alone participate in any illegal activities.
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