How to calculate illegal border crossing

On December 29, according to the "Daily Economic News", the website of the State Administration of Foreign Exchange (SAFE) of China shows that in order to better coordinate development and security, ensure the facilitation of cross-border trade and investment, prevent and curb illegal foreign exchange activities, and maintain the order of the foreign exchange market, the SAFE has formulated the "Management Measures for Reporting Foreign Exchange Risk Transactions by Banks (Trial)" (hereinafter referred to as the "Measures") based on the "Measures for the Management of Foreign Exchange Business by Banks (Trial)" (hereinafter referred to as the "Business Measures") and relevant laws and regulations. According to the "Measures", if a bank discovers or has reasonable grounds to suspect that its domestic or overseas institutions and individual clients (hereinafter collectively referred to as transaction subjects) are engaged in foreign exchange risk transaction activities, it shall monitor the foreign exchange risk transaction information and submit a foreign exchange risk transaction report. Foreign exchange risk transaction activities refer to those involving suspected false trade, false investment and financing, underground banks, cross-border gambling, fraud in obtaining export tax rebates, illegal cross-border financial activities involving virtual currencies, and other suspected illegal cross-border capital flows; foreign exchange risk transaction information refers to information related to foreign exchange risk transaction activities. Banks shall promptly submit foreign exchange risk transaction reports to the SAFE through their headquarters or designated institutions.

The Measures mention illegal cross-border financial activities involving virtual currencies. As long as you are making money by trading virtual currencies yourself, do not involve dirty money, and do not cross borders, there is no need to worry. Just focus on trading virtual currencies to make money.