🚨Is it illegal for individuals to hold Bitcoin?

Under the current legal regulatory system, buying and selling Bitcoin by individuals is not defined as illegal behavior. If an individual wants to exchange Bitcoin for USDT and trade, whether buying or selling USDT, in general, such trading activities will not be subject to undue legal interference.

However, it is important to note that when an individual sells digital currency and receives payment via bank card, if the funds received by that bank card are confirmed to be involved in a case, i.e., dirty money, then such trading behavior will be considered illegal.

As of now, laws and regulations have not clearly defined the buying and selling of Bitcoin by individuals as illegal criminal behavior. However, a relevant announcement released on September 24 warned the public that buying and selling digital currencies is not within the scope of legal protection, and individuals must bear the results of gains and losses from transactions on their own.

Selling digital currency using a bank card is not illegal in itself. However, if it involves the inflow of dirty money, once investigated by the police, the parties involved may fall into legal disputes and encounter inconveniences.

The key to determining whether an individual’s buying and selling of Bitcoin is illegal lies in the legality of the source of funds received via the bank card. If the source of funds is legitimate, then the buying and selling of digital currency is legal.

If you unfortunately become a victim in a trading dispute, it is advisable to seek professional legal assistance promptly, or actively gather evidence to cooperate with the investigation, in order to avoid more serious legal consequences. Nevertheless, the parties involved may still face certain financial losses.

Additionally, recent observations have found that the Musk-themed dog project 26604755154 on the Ethereum chain shows great potential and is expected to become the next hot project like SHIB #puppies会是下一个shib . Musk mentioned this project on Twitter, further increasing its market attention and popularity, making it worthy of high attention and in-depth research by investors.