In the cryptocurrency trading circle, many people may have heard of the 924 document, which clearly prohibits virtual currency trading. However, to be honest, trading cryptocurrencies, although risky, is not necessarily illegal. At least up to now, our country's laws have not explicitly stated that trading cryptocurrencies is a crime.
Yes, to this day, the policy towards cryptocurrency speculation remains punitive, and the People's Bank of China has also taken a strong stance against virtual currency settlements. As long as the bank knows you are trading cryptocurrencies, it is highly likely that the bank will ask you to close your account.
However, to date, there has not been a single law or regulation stating that the money earned from trading cryptocurrencies is illegal!
As long as you are acquiring wealth through legitimate cryptocurrency trading, it does not count as a crime of unclear property origins. In our country's penal code, there is not a single clause that states trading cryptocurrencies is illegal. Previous documents issued regarding the speculation of virtual currencies only say that it goes against public order and morals, and is a risk borne by the individual. In simple terms, if you make money, you can be happy, but if you lose money, don’t expect the government to say there’s no regulation.
Attention!
All the news you've seen about 'getting caught while trading cryptocurrencies' is due to messy selling of currencies (USDT) that resulted in getting involved with black funds!
It's fine if you cash out through normal channels in cryptocurrency trading, but be wary of those who collude with currency dealers off-exchange, seeking high prices for USDT, or when currency dealers make payments without real names, transferring first-hand telecom fraud black funds to you.
Alternatively, if you make too much money and your card is implicated, and you can't reasonably explain the legal source of your USDT, then it's 'the innocent person suffers while the one with wealth is guilty.' Without mentioning the confiscation of your funds, you might end up with an illegal currency exchange, starting with a 37-day package where you’ll have to endure cold showers, eat boiled vegetables, and suffer humiliation from cellmates.
It's completely normal for currency dealers to face frozen cards and risk control; it's just part of the routine. Some WeChat and Alipay accounts get flagged after just one day of use, some encounter issues when victims of telecom fraud report them, resulting in bank card freezes, and some face penalties due to dual card management...
If even currency dealers are facing this, do you still think the previous articles about 'exchanges freezing withdrawal cards' were alarmist? Do you still believe that withdrawing funds from currency dealers at exchanges is safe?
Look at those currency dealers who all guarantee fund safety; they can't even guarantee their own safety. The so-called 'frozen card compensation' is just talk.
Newbies think that selling USDT through Alipay and WeChat to filter funds will be very safe; you need to see clearly!
Whether you use Alipay or WeChat to receive payments, or transfer money from your bank card to Alipay or WeChat, it does not help filter out black funds. This method is completely useless!
The authorities are tracking black funds, and they can freeze your account with the click of a button if they discover such behavior.
When your bank card receives first-hand black funds, if you transfer that money to your own WeChat or Alipay, it's still considered first-hand black funds. If you then transfer it to another person, that's second-hand, which is what counts!
Moreover, the anti-fraud system of Alipay is stricter than that of some rural credit cooperatives.
The greatest risk when cashing out USDT does not lie in which payment method you use, but whether the funds you receive are clean and whether the counterparty's account is a risk account.
Stop believing the 'experts' online who boast to you; they themselves are only half-informed yet dare to teach others how to filter funds misleadingly. Black funds can't get in, but as long as it's black money, no matter where you withdraw it, they can still be controlled by the authorities. Be careful while looking for money!#BabyMarvin合约尾号f9c7 #牛市赛道是那条？ #BabyMarvin可以让你少走弯路 #meme板块关注热点