3. Why does the domestic government not support the speculation of virtual currency?

It's very simple, it's difficult to regulate! Virtual currency provides convenience for people in the black and gray industries.

Because virtual currency is hidden, difficult to trace, decentralized, and global payment, many criminals have joined the currency circle.

In the past, the scammers cheated RMB and accepted it with bank cards. Once the victim called the police, the uncle directly froze the bank card, which could quickly lock the identity of the scammer and intercept the funds.

Now, the scammers cheat USDT, how can the uncle track them? Even if they are tracked, the scammers may be abroad. USDT cross-border transactions are difficult to regulate.

Legal issues caused by "decentralization":

(I) Cross-border transaction supervision is unclear and judicial jurisdiction is difficult to determine

(II) User anonymity makes it difficult to pursue responsibility

(III) Data cannot be tampered with and rights are difficult to remedy