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In response to the legal issues that investors are concerned about, some veteran players who have experienced the bull-bear transition in the currency circle have given the following suggestions:
First, it should be clear that Bitcoin (BTC) is not considered a legal currency in China. Therefore, buying and selling between individuals is free, including the inflow and outflow of funds, which does not constitute an illegal act. However, investors should avoid speculating on the exchange rate through Bitcoin during the transaction process, and should not participate in activities that may involve illegal fundraising, such as soliciting people.
Secondly, for the development of cryptocurrency-related businesses, such as opening exchanges, issuing new cryptocurrencies, or conducting over-the-counter (OTC) transactions, these behaviors are clearly prohibited in China and are illegal. Investors and entrepreneurs should be vigilant in such businesses to avoid touching the legal red line.
Finally, it is necessary to remind that due to the possible differences in legal cognition and law enforcement in various regions of China, in specific practice, investors and practitioners need to pay more attention to changes in the local legal environment to ensure the legality of their own behavior.
It is more practical to do contracts in this market. Those who like contracts or spot can come to me.
My points are very accurate, and old fans know what strength is.
After the market fell sharply, Daxian also ambushed some potential coins that are ready to explode.
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