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Buying and selling USDT will cause all bank cards under your name to be frozen. Here is the "six-step method" to unfreeze them [recommended collection]
Before I start this article, I will do some simple popular science. According to relevant policies in my country, the following interpretation can be made:
1. Virtual currency cannot be used as RMB in my country;
2. Bitcoin and other virtual currencies are a kind of "virtual commodity"
3. Financial activities related to virtual currencies are illegal;
4. Transactions between individuals of virtual currency and legal currency, or between virtual currencies, are not prohibited.
Therefore, simply buying and selling virtual currencies is not illegal in itself, but the transaction itself is likely to involve illegal or criminal behavior. It is inevitable that you will receive black money or have your credit card frozen.
Why is my card frozen? How can I unfreeze it? This article will answer these questions.
1. Virtual currency cannot be used as RMB in my country;
2. Bitcoin and other virtual currencies are a kind of "virtual commodity"
3. Financial activities related to virtual currencies are illegal;
4. Transactions between individuals of virtual currency and legal currency, or between virtual currencies, are not prohibited.
Therefore, simply buying and selling virtual currencies is not illegal in itself, but the transaction itself is likely to involve illegal or criminal behavior. It is inevitable that you will receive black money or have your credit card frozen.
Why is my card frozen? How can I unfreeze it? This article will answer these questions.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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