🚨Is it legal for individuals to buy and sell USDT Bitcoin?
Under the current legal regulatory system, individual buying and selling of Bitcoin has not been defined as illegal. If an individual wishes to exchange Bitcoin for USDT for trading, whether buying or selling, such activities generally will not be subject to arbitrary legal interference.
However, it is important to note that when an individual sells digital currency and receives payment via bank card, if the funds are confirmed to be related to a case, i.e., dirty money, this transaction will be considered illegal.
To date, laws and regulations have not explicitly defined individual buying and selling of Bitcoin as a criminal act. However, an announcement released on September 24 reminded the public that digital currency transactions are not protected by law and that individuals are responsible for their profits and losses.
Selling digital currency using a bank card is legal in itself, but if it involves the inflow of dirty money, once investigated by the police, the parties involved may fall into legal disputes.
The key to determining whether Bitcoin transactions are illegal lies in the source of funds received via bank card. If the source of funds is legitimate, the transaction is legal.
If you become a victim of a trading dispute, it is advisable to seek professional legal assistance immediately or actively gather evidence to cooperate with the investigation to mitigate legal consequences. Nevertheless, financial losses may still be difficult to avoid.
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