Why does mainland China ban cryptocurrency speculation?
The main purpose of the country's ban on cryptocurrency speculation is to prevent potential financial risks. Although such a ban does not directly define cryptocurrency speculation as an illegal act, it mainly implements control by restricting the inflow and outflow channels of funds.
The reason why Sun Yuchen has not been subject to legal sanctions is that his behavior often wanders in the gray area of the law and has not yet touched the clear illegal boundaries, but investors still need to bear the risks of participating in such activities. Cryptocurrency speculation is essentially an individual investment decision, and profits or losses are the responsibility of the individual. Although cryptocurrency speculation is accompanied by extremely high risks, it is undeniable that the virtual currency circle has played a positive role in promoting the development and innovation of blockchain technology. Its decentralized nature encourages the participation of more nodes and jointly builds a prosperous ecosystem. Looking to the future, blockchain technology may bring disruptive changes. Therefore, it is a choice worth considering to lay out this field in advance to grasp the possible benefits.