Is personal buying and selling of Bitcoin illegal? Many people are still confused. The '9.24 Notice' in 2021 clarified that trading digital currencies is neither supported nor opposed by the law; any profits or losses must be borne by oneself.
If you exchange Bitcoin for USDT, whether buying or selling, the mere act of trading is not regulated; you can buy freely when purchasing and also sell freely when selling.
However, there is a key point to note when receiving money from selling USDT. If you sell the currency and the money is deposited into your bank account, and that money turns out to be dirty money or illegally obtained, then problems may arise, and this could be considered illegal. This is because if the police trace the involved funds and find your unclear receipt, and you cannot explain where the money came from, you will have to bear the responsibility.
Therefore, personal buying and selling of digital currencies is not illegal in itself, but if receiving payments through a bank card is not clean and is involved with dirty money, then that is illegal. If one day you accidentally encounter such a troublesome situation, as long as you can prove that you are an innocent party caught up in it, the worst outcome would be losing some money, not being arrested and imprisoned.
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