One day, those who say virtual currencies cannot be purchased will have to face the reality.

🚨 A recent case regarding "circumventing the Great Firewall to trade cryptocurrencies" has attracted widespread attention.
In the case, an individual involved was found to have illegally profited by using a VPN to access overseas trading platforms for cryptocurrency trading, with related profits of 10 million yuan being confiscated, and a fine of 15,000 yuan imposed. Additionally, their mobile phone and computer were confiscated as illegal tools. This case is referred to as the first case in the country punished for "circumventing the Great Firewall to trade cryptocurrencies."

The controversy in this case lies in the fact that, although cryptocurrency trading itself is not explicitly defined as illegal in the country, the act of "circumventing the Great Firewall" violates Article 14 of the "Interim Regulations on the Administration of International Networking of Computer Information Networks." According to this regulation, unauthorized use of a VPN to connect to overseas internet may constitute illegal behavior, and profits obtained through circumventing the Great Firewall may also be deemed illegal gains.

This case brings to mind a previous situation where a programmer's salary of millions was also deemed illegal income due to circumventing the Great Firewall for work. Some argue that work income and profits from cryptocurrency trading are fundamentally different, but the core of the case still revolves around whether the act of "circumventing the Great Firewall" is illegal and the legality of subsequent profits.

Regardless of individual opinions on the legality of circumventing the Great Firewall, this case serves as a reminder that one should fully understand and comply with local laws and regulations, especially when engaging in overseas internet activities, to avoid similar legal risks.

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