🚨 Is personal trading of USDT and Bitcoin legal?

Under the current legal regulatory system, personal trading of Bitcoin has not been defined as an illegal activity. If an individual wishes to exchange Bitcoin for USDT for trading purposes, whether buying or selling, such activities generally will not be subject to arbitrary legal interference.

However, it should be noted that when an individual sells digital currency and receives funds via bank card, if those funds are confirmed to be related to a criminal case, i.e., dirty money, this transaction will be considered illegal.

As of now, laws and regulations have not explicitly classified personal trading of Bitcoin as a criminal act. However, an announcement made on September 24 reminds the public that digital currency trading is not within the scope of legal protection, and profits and losses are to be borne by the individual.

Selling digital currency via bank card is legal in itself, but if it involves the inflow of dirty money, once investigated by the police, the parties involved may fall into legal disputes.

The key to determining whether Bitcoin trading is illegal lies in the source of the funds received via bank card. If the source of funds is legitimate, the transaction is legal.

If you become a victim of a trading dispute, it is recommended to seek professional legal assistance immediately or actively collect evidence to cooperate with the investigation to mitigate legal consequences. Nevertheless, financial losses may still be difficult to avoid.

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