Why does our country not allow the existence of virtual currency trading platforms?
A long time ago, I pondered a question.
The country tightly controls foreign exchange every day, yet a group of people dealing with cryptocurrency can buy BTC on one hand and then turn around to convert it into USD to go abroad, while the country has no control over it at all.
Can something that poses a huge threat to foreign exchange control be allowed to exist?
As everyone knows, the events that followed led to the prohibition of virtual currency trading on September 30, 2017.
Some say that during this process, the country's foreign exchange did not decrease, so it had no impact.
When the volume is small, it doesn't matter, but when the volume increases, the BTC held domestically is sold abroad more, which inevitably means that someone has to buy BTC back from abroad. People overseas do not accept RMB. At this point, foreign exchange will come into play.
If you can't figure it out, just think about why the law stipulates that each person can carry no more than 31.25 grams of gold when leaving the country. Taking gold away doesn't seem to affect foreign exchange either.
Friends who are currently confused and directionless in trading, comment and leave a message 1, this bull market will help you reach the shore