Why is it that virtual currency transactions in my country are not illegal, but banks have to restrict the transfer of virtual currency transactions?

It is really a big loss to speculate in cryptocurrencies in China, because the domestic legal environment is not friendly to the cryptocurrency circle in the first place.

In China, the legitimate rights and interests of individuals in the cryptocurrency circle must not be protected by law.

So in China, in the cryptocurrency field, the law will not support and protect any legitimate personal interests, and the law will definitely crack down on any illegal behavior.

Suppose you have 100 bitcoins, and you hold 100 bitcoins as your personal behavior. The law will not protect you if you lose them, and the law will not protect you if they are stolen.

However, if you want to cash out 100 bitcoins, you face various risks. The biggest risk is the risk of receiving black money or the risk of being cheated during the cashing process.

In summary, in the field of cryptocurrency, I have never won externally and never lost internally.

The law does not prohibit you from speculating in cryptocurrencies, but it prohibits you from providing all services for speculating in cryptocurrencies. The law does not prohibit you from holding a certain coin, but it prohibits you from providing various services for cashing out.

In China, if the exchange steals your money, it will be black for nothing, and there is no place to defend your rights.

In the cryptocurrency financial war, at least for now, China has lost the initiative. Who knows what the future holds?

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