You can tell why it should be banned by looking at the comments. Too many people do not want to be themselves in their own country, wanting to be slaves to the West. They fantasize every day that dogs in the West eat meat and live in villas. Protecting dogs is politically correct, but under the current regime, there is no thought of protecting slaves.
-小蛋挞
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Why is virtual currency not allowed in the country?
Illegal cryptocurrencies have already perfectly bypassed foreign exchange controls to a certain extent. If cryptocurrencies were allowed legally, it could even directly undermine the Golden Tax Phase IV.
If you sell a house in a first-tier city and receive 5 million cash, and you want to exchange this money for 700,000 USD to transfer abroad.
The bank has a foreign exchange limit of 50,000, and remittances also have a limit of 50,000, which serves as double insurance. It would take 14 years to complete the transfer.
If you use someone else's quota to convert to cash in USD and try to exit the country personally, carrying more than 5,000 will be regulated.
If you use someone else's quota to transfer to your overseas card, exceeding 3 individuals will attract attention. If you want to carry RMB out of the country and then exchange it for foreign currency, an individual can carry no more than 20,000 at a time.
If you want to remit RMB abroad, sorry, you can't remit even a cent. All legal paths you can imagine are blocked. Now back to cryptocurrencies.
If there are no quota restrictions, they can perfectly bypass the system. If there are quota limits, assuming the foreign currency is 50,000 USD, you can utilize someone else's quota. 14 people can help you exchange 5 million RMB and then put it on a USB drive to take abroad. As long as you don’t say anything, no one will know.
In summary: cryptocurrencies, in a sense, are equivalent to precious metals. They have similar properties to precious metals: decentralization and anonymous transactions, which leads to a completely uncontrollable state for centralized national finances.
With the advancement of time, precious metals have gradually withdrawn from circulation, primarily due to physical laws at play. Compared to fiat currencies, they are too inconvenient. However, cryptocurrencies are not constrained by physical laws, making them almost as convenient as payment platforms like Alipay and PayPal.
Even if we set aside the issue of foreign exchange controls, if everyone were really allowed to use cryptocurrencies, the Golden Tax Phase IV would become a joke. Who can tolerate that? #中美贸易谈判 $BTC
No electricity mining! A high school student hangs a mining machine on the balcony, automatically receiving airdrops every day—CAILA's AI weather mining!
The new wind of WEB3 is here, this time it really is a windfall~! A high school student next door hung something that looks like a 'small fan' on the balcony, which neither plugs in nor heats up, yet receives stable airdrops every day, with constant notifications on the phone.
Brothers, this little device is it. Ask him what it's for, and he smiles and says, 'Making money from the weather.' Don't think it's a joke; behind this is actually a microcosm of a Web3 revolution—Marco weather node devices launched by CAILA AI are starting a new era of data with 'weather mining' in the way of AI + DePIN.
eth1650 has produced 80%. Trump is once again promoting America's victory, and journalism has been played by him to an incredible extent. However, no matter how much he boasts, there will always be a day of reckoning. With his dog-like approach, I fully believe that eth will reach the three digits. I strongly feel it's time to start positioning for short positions in btc, starting from 86.
Old九歌
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$BTC $ETH I don't know what happened, I just know that getting up to take a leak made the world better? Staying true to one's heart is really important...
Man-made disasters are not natural disasters; fluctuations rely solely on words... So if you dare to think, it will be there!
Kaito is very interesting, you can try to trade independently. I placed buy orders in the range of 0.8 to 0.67, and sell orders in the range of 1.15 to 1.27. Each time there is basically a fluctuation range of thirty points back and forth, which is quite good to trade.
It is estimated that we won't wait any longer. Now everyone is tense, and whoever gives in first will face total defeat and never be able to turn things around.
溪铮
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Trump is waiting for China's call☎️☎️☎️☎️☎️☎️☎️☎️☎️☎️☎️
eth has dropped too much, I bought at 1514 and 1417, and now there are still 1319, 1071, and 857, waiting.
Old九歌
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#ULTI
Is this going to the Korean market? Isn't this a good opportunity? Last time it went from the 40s to the 50s, nearly 30 points Can we gain another 30 points?
2025 is a key year for BTC. I believe BTC will reach incredible heights, but at the same time, it will trigger a deeper crash, with a drop of over 50% inevitable, so one can short when the world is frantically promoting it. Currently, a large number of traders are giving a high point of 14,000, and some aggressive ones are even suggesting 24,000. As for myself, I will be ready to short starting at 14,000.
$BNX has had large orders selling more than inflows for a month in a row. Large investors have been selling, and there is no bright spot at all. There are rumors that it will be observed, and it is estimated that it will really fall below 0.1.
#reef is going up every day. The short-selling fee is frighteningly high. The spot is in the hands of the market makers. They can push it up or down at will. Binance is treated as a park by the market makers, and they walk the leeks every day. The correct way to deal with it is to block it directly and don't touch it.
Spot bnb is ready to start adding positions at 495 and end at 395. Contract people is ready to start long at 0.056 and end at 0.0425. reef is ready to start short at 0.0013 and end at 0.00155.