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Which group friend is so unfortunate?
Zhang San used a VPN to bypass restrictions and made a profit by buying low and selling high in USDT. Since bypassing restrictions is illegal, the profits made during trading were confiscated, and he was fined 15,000. Even his phone and computer were confiscated as illegal tools. This case reminds us of last year when a programmer worked while bypassing restrictions and ultimately had over a million in income confiscated due to the behavior being deemed illegal. Some say that the nature of a programmer's work and trading is different; one is a work-related activity, while trading is illegal or at least a risk that one must bear. However, currently, cryptocurrency trading is not illegal, so the situation is similar to this case. If bypassing restrictions is illegal and the profits from trading are deemed illegal gains, then it is almost just a matter of an announcement stating that bypassing restrictions to trade cryptocurrencies is not allowed, otherwise, the profits from trading will be confiscated. The key controversy in this case lies in whether the illegal gains from bypassing restrictions can be included under Article 14 of the 'Interim Regulations on the Management of International Networking of Computer Information Networks,' which states that the profits from trading while bypassing restrictions are considered illegal gains, resulting in a fine of 15,000 and confiscation of trading profits amounting to 90,000.
All profits from trading while bypassing restrictions were directly confiscated; it’s truly unfortunate.
Zhang San used a VPN to bypass restrictions and made a profit by buying low and selling high in USDT. Since bypassing restrictions is illegal, the profits made during trading were confiscated, and he was fined 15,000. Even his phone and computer were confiscated as illegal tools. This case reminds us of last year when a programmer worked while bypassing restrictions and ultimately had over a million in income confiscated due to the behavior being deemed illegal. Some say that the nature of a programmer's work and trading is different; one is a work-related activity, while trading is illegal or at least a risk that one must bear. However, currently, cryptocurrency trading is not illegal, so the situation is similar to this case. If bypassing restrictions is illegal and the profits from trading are deemed illegal gains, then it is almost just a matter of an announcement stating that bypassing restrictions to trade cryptocurrencies is not allowed, otherwise, the profits from trading will be confiscated. The key controversy in this case lies in whether the illegal gains from bypassing restrictions can be included under Article 14 of the 'Interim Regulations on the Management of International Networking of Computer Information Networks,' which states that the profits from trading while bypassing restrictions are considered illegal gains, resulting in a fine of 15,000 and confiscation of trading profits amounting to 90,000.
All profits from trading while bypassing restrictions were directly confiscated; it’s truly unfortunate.
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