炒币风险
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Trading virtual currency across borders leads to foreign exchange business, three 'post-95' youths sentenced!
Recently, the Jiangsu Province Jianhu County People's Procuratorate announced a case involving cross-border foreign exchange trading through virtual currency, attracting widespread attention. Three 'post-95' youths were found to have used virtual currency to bypass national foreign exchange regulations, engaging in disguised foreign exchange trading, and were convicted of illegal business operations, ultimately sentenced to prison terms ranging from five years to one year and six months, with fines.
Case review: Virtual currency 'arbitrage' into foreign exchange trading
At the beginning of 2020, 25-year-old Lin, without a stable income, began engaging in virtual currency 'arbitrage'. He earned meager profits by exploiting price differences between two exchanges. However, a chance transaction led him to meet a Nigerian client who proposed exchanging Naira for RMB through Lin.
Case review: Virtual currency 'arbitrage' into foreign exchange trading
At the beginning of 2020, 25-year-old Lin, without a stable income, began engaging in virtual currency 'arbitrage'. He earned meager profits by exploiting price differences between two exchanges. However, a chance transaction led him to meet a Nigerian client who proposed exchanging Naira for RMB through Lin.
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Risk, risk! Trading Bitcoin could lead to imprisonment!
Recently, there has been another money laundering news making headlines: A case was ruled by the Fan County Court in Henan, where a man named Tian became an accomplice to criminals for engaging in the "virtual currency profit-making business." The situation was as follows: he transferred money using his own account to help others buy and sell the so-called "U coins," earning some profit each time he transferred, making over 10,000 yuan in a short period. However, he was sentenced to eight months in prison for suspected money laundering and fined 10,000 yuan, with his illegal gains also confiscated.
So, don’t believe in easy money! Those who boast that virtual currency can “make money quickly” are mostly traps. The country defined virtual currency trading as illegal financial activity in 2021, indicating inherent risks in compliance. On the surface, you may seem to be “trading coins,” but you could very well be a tool for scammers to launder money.
Key points!
1. High returns often come from scams; anything associated with “guaranteed profits” or “quick wealth” is generally unreliable.
2. Don’t entertain lucky thoughts; avoid illegal activities. If something goes wrong, no amount of earnings can save your life.
Depositing and withdrawing funds carries significant risk; don’t believe in those schemes that seem too good to be true! If it turns out to be a trap, not only will you lose money, but you might also end up facing consequences. It’s not worth it!
#出入金 #炒币风险
$BTC
Recently, there has been another money laundering news making headlines: A case was ruled by the Fan County Court in Henan, where a man named Tian became an accomplice to criminals for engaging in the "virtual currency profit-making business." The situation was as follows: he transferred money using his own account to help others buy and sell the so-called "U coins," earning some profit each time he transferred, making over 10,000 yuan in a short period. However, he was sentenced to eight months in prison for suspected money laundering and fined 10,000 yuan, with his illegal gains also confiscated.
So, don’t believe in easy money! Those who boast that virtual currency can “make money quickly” are mostly traps. The country defined virtual currency trading as illegal financial activity in 2021, indicating inherent risks in compliance. On the surface, you may seem to be “trading coins,” but you could very well be a tool for scammers to launder money.
Key points!
1. High returns often come from scams; anything associated with “guaranteed profits” or “quick wealth” is generally unreliable.
2. Don’t entertain lucky thoughts; avoid illegal activities. If something goes wrong, no amount of earnings can save your life.
Depositing and withdrawing funds carries significant risk; don’t believe in those schemes that seem too good to be true! If it turns out to be a trap, not only will you lose money, but you might also end up facing consequences. It’s not worth it!
#出入金 #炒币风险
$BTC
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