Junior Chellis Eih6
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Is the profit from trading cryptocurrencies through VPN illegal and subject to confiscation? A real case sparks heated discussion
Recently, a case of trading cryptocurrencies through a VPN in the crypto community has attracted widespread attention. A user was identified as engaging in illegal activities by the local public security authorities for using a VPN to access foreign exchanges to trade Bitcoin for profit, and all of his profits in RMB were confiscated. In addition, the user was fined 15,000 yuan, and his phone and computer were also confiscated as 'tools of the crime'. This incident has led many virtual currency traders to reflect deeply.
Case details: Profits from trading cryptocurrencies through a VPN deemed illegal
In August this year, a public security agency in a certain area of the country received a report stating that a user named Zhang San (pseudonym) was using a VPN to access foreign trading platforms and profiting from virtual currency trading. The public security agency deemed Zhang San's VPN usage as illegal based on Article 14 of the 'Interim Regulations on the Administration of International Networking of Computer Information Networks' and confiscated the profits he earned from trading cryptocurrencies through a VPN.
Previously, there had also been similar cases. Last year, a programmer was deemed illegal for using a VPN to work, and over one million yuan of his income was confiscated. Although the nature of the work is different from trading cryptocurrencies, both involve 'profit through VPN'.
Controversial focus: The legality of trading cryptocurrencies through a VPN
Although virtual currency trading is strictly controlled domestically, it has not been explicitly defined as illegal. Why are the profits from trading cryptocurrencies through a VPN deemed illegal? The core of the controversy lies in the interpretation of Article 14 of the 'Interim Regulations on the Administration of International Networking of Computer Information Networks'. The public security authorities believe that using a VPN is illegal, and profits obtained through illegal activities are also considered illegal gains. Supporters argue that this helps regulate online behavior, while opponents question whether this interpretation is overly broad.
Legal risks of virtual currency trading
Currently, there are strict restrictions on virtual currency trading domestically, but it has not been explicitly defined as illegal. However, accessing foreign platforms through a VPN may lead to legal issues:
• Illegality of using a VPN: Using a VPN to bypass restrictions without permission is illegal, bringing legal risks to subsequent transactions.
• Profits deemed illegal gains: The logic of the public security agency is that using a VPN is illegal, and profits obtained through that VPN are also considered illegal gains, which may lead to more similar cases.
Recently, a case of trading cryptocurrencies through a VPN in the crypto community has attracted widespread attention. A user was identified as engaging in illegal activities by the local public security authorities for using a VPN to access foreign exchanges to trade Bitcoin for profit, and all of his profits in RMB were confiscated. In addition, the user was fined 15,000 yuan, and his phone and computer were also confiscated as 'tools of the crime'. This incident has led many virtual currency traders to reflect deeply.
Case details: Profits from trading cryptocurrencies through a VPN deemed illegal
In August this year, a public security agency in a certain area of the country received a report stating that a user named Zhang San (pseudonym) was using a VPN to access foreign trading platforms and profiting from virtual currency trading. The public security agency deemed Zhang San's VPN usage as illegal based on Article 14 of the 'Interim Regulations on the Administration of International Networking of Computer Information Networks' and confiscated the profits he earned from trading cryptocurrencies through a VPN.
Previously, there had also been similar cases. Last year, a programmer was deemed illegal for using a VPN to work, and over one million yuan of his income was confiscated. Although the nature of the work is different from trading cryptocurrencies, both involve 'profit through VPN'.
Controversial focus: The legality of trading cryptocurrencies through a VPN
Although virtual currency trading is strictly controlled domestically, it has not been explicitly defined as illegal. Why are the profits from trading cryptocurrencies through a VPN deemed illegal? The core of the controversy lies in the interpretation of Article 14 of the 'Interim Regulations on the Administration of International Networking of Computer Information Networks'. The public security authorities believe that using a VPN is illegal, and profits obtained through illegal activities are also considered illegal gains. Supporters argue that this helps regulate online behavior, while opponents question whether this interpretation is overly broad.
Legal risks of virtual currency trading
Currently, there are strict restrictions on virtual currency trading domestically, but it has not been explicitly defined as illegal. However, accessing foreign platforms through a VPN may lead to legal issues:
• Illegality of using a VPN: Using a VPN to bypass restrictions without permission is illegal, bringing legal risks to subsequent transactions.
• Profits deemed illegal gains: The logic of the public security agency is that using a VPN is illegal, and profits obtained through that VPN are also considered illegal gains, which may lead to more similar cases.
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PUPPIES-2024 Golden Dog
Elon Musk's official tweet on February 11, 2024, states 'I love puppies', which can be viewed with an image of 4 dogs, representing the cryptocurrencies he once promoted: DOGE, SHIB, FLOKI, and BABYDOGE. PUPPIES is the embodiment of these 4 dogs, a culmination of the spirit of local dogs!
In 2024, it will surely stand alongside or even surpass all local dogs, becoming the king of dogs! Puppies will definitely shine.
Elon Musk's official tweet on February 11, 2024, states 'I love puppies', which can be viewed with an image of 4 dogs, representing the cryptocurrencies he once promoted: DOGE, SHIB, FLOKI, and BABYDOGE. PUPPIES is the embodiment of these 4 dogs, a culmination of the spirit of local dogs!
In 2024, it will surely stand alongside or even surpass all local dogs, becoming the king of dogs! Puppies will definitely shine.
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$DOGE #dogeFrom 2021 to 2024, the number of dog wallets has increased by 2 million, so it is currently deflationary. There are currently 7 billion people in the world, with 500 million buying cryptocurrencies. The upcoming bull market in 2025 is expected to bring over 100 million people into the crypto space. Under Elon Musk's promotion, doge will continue to deflate. Musk's Twitter account has 200 million followers, and as long as he continues to tweet about doge, the number of doge holders will reach 20 million, causing the price of doge to break through $5.
In May 2021, the highest number of doge accounts reached 5.3 million, with a total of 127.3 billion doge.
On average, each account held 23,339 doge.
By November 2024, the number of doge accounts is expected to reach 7.1 million, with a total of 147 billion doge.
Each account will hold 20,704 doge.
Here you will find that this data is very important; doge is completely in a deflationary state with supply exceeding demand.
Before 2024, there were fewer than 2 million doge accounts.
It is expected that by 2025, the number of doge accounts will reach 10 million, at which point the average account will only have 15,000 doge. Many are shouting that the price will be $1 in 2025, but in reality, the demand will far exceed 150 billion, and the price will challenge $2.
In May 2021, the highest number of doge accounts reached 5.3 million, with a total of 127.3 billion doge.
On average, each account held 23,339 doge.
By November 2024, the number of doge accounts is expected to reach 7.1 million, with a total of 147 billion doge.
Each account will hold 20,704 doge.
Here you will find that this data is very important; doge is completely in a deflationary state with supply exceeding demand.
Before 2024, there were fewer than 2 million doge accounts.
It is expected that by 2025, the number of doge accounts will reach 10 million, at which point the average account will only have 15,000 doge. Many are shouting that the price will be $1 in 2025, but in reality, the demand will far exceed 150 billion, and the price will challenge $2.
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A certain eastern superpower will open its crypto market next year!
Major event!
Everyone is paying attention!
It's related to your wallet!
After 3 years of heavily cracking down on the crypto market, a certain eastern superpower, influenced by Trump’s presidency and his strategy to use Bitcoin as a national strategic reserve, is set to vigorously open the market!
Recently, the central media's attitude has shifted, marking the first step towards opening the crypto market in a certain eastern superpower!
Here, I want to mention the recently popular puppies, which in previous years gave me 5epuppies from the videos!
Valued at one thousand U! #BTC☀ #ETH🔥🔥🔥🔥 #doge⚡ #meme板块关注热点 #马斯克将领导美国政府效率部
Major event!
Everyone is paying attention!
It's related to your wallet!
After 3 years of heavily cracking down on the crypto market, a certain eastern superpower, influenced by Trump’s presidency and his strategy to use Bitcoin as a national strategic reserve, is set to vigorously open the market!
Recently, the central media's attitude has shifted, marking the first step towards opening the crypto market in a certain eastern superpower!
Here, I want to mention the recently popular puppies, which in previous years gave me 5epuppies from the videos!
Valued at one thousand U! #BTC☀ #ETH🔥🔥🔥🔥 #doge⚡ #meme板块关注热点 #马斯克将领导美国政府效率部
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