Risk warning for cryptocurrency trading: A simplified analysis of personal investment and legal liability
1. Legal status of cryptocurrency trading
Cryptocurrency trading is prohibited in China, and funding channels are cut off.
Cryptocurrency trading is a personal investment, not protected by law, and risks are borne by oneself.
2. Investment risks and behaviors
Profit and loss sentiment fluctuates greatly, similar to real estate.
It is unreasonable to seek compensation from the state after losses, and it is difficult to support the law.
Property safety should be carefully protected.
3. Value and risks of the cryptocurrency circle
The cryptocurrency circle is not a scam, it has value, and is supported by many countries.
Recognize potential risks and positive aspects, such as blockchain technology innovation.
4. Relevant policies and regulations
On September 24, 2021, the National Development and Reform Commission and 11 other departments issued the "Notice on Rectifying Virtual Currency "Mining" Activities".
The People's Bank of China and 10 other departments issued the "Notice on Further Preventing and Dealing with Virtual Currency Trading Speculation Risks".
Buying and selling digital currencies is not protected by law, and profits and losses are borne by individuals.
It is usually not illegal for individuals to buy and sell USDT, but receiving illegal funds constitutes an offense.
The key to illegal behavior is the legality of bank card payment. Those involved can seek legal assistance, or they may lose money.
File list:
"Notice on the rectification of virtual currency "mining" activities"
"Notice on further preventing and dealing with the risks of virtual currency trading speculation"
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