The latest news on August 22, 2024    Domestic cryptocurrency speculation should be cautious  Is it illegal?

The latest news on August 22, 2024, domestic cryptocurrency speculation should be cautious,

But whether it is illegal depends on the specific situation. In China, individuals are allowed to hold and trade cryptocurrencies, but it is illegal if it involves illegal fundraising. The law clearly states that virtual currency transactions are not equal to money laundering. Only when it is used to transfer illegal funds will it constitute a money laundering crime. The latest judicial interpretation is mainly to accurately combat the use of virtual assets for money laundering, rather than a comprehensive ban on virtual currency transactions. So everyone should look at it rationally and avoid excessive worry.

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