There are no regulations that make buying and selling USDT illegal, but money laundering is illegal.
哈希宇宙
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Frozen cryptocurrency market! USDT trading risk control locked down, police coming to confiscate and imprison all at once!
This year, the crypto market is as cold as an ice cave, all because USDT trading risk control has been upgraded, making deposits and withdrawals a nightmare! Anti-fraud monitoring is everywhere, with Apps, Alipay, and bank cards all under strict surveillance. The confusion between virtual currencies and the black/grey market means buying and selling USDT is bound to be investigated, whether you are speculating on coins or gambling online, any excuse will do. I was visited twice by the police after buying USDT; anti-fraud calls almost had me cursing. Isn't it annoying? Even if the funds are clean, you can't escape fines, confiscations, or even prison—some have been sentenced for 'helping with withdrawals' and charged with gambling offenses for exchanging RMB for USDT and selling it for foreign funds, which is directly considered 'illegal foreign exchange'. Even airdropped USDT is hard to escape accountability. Now the police are 'fishing' at sea for revenue, targeting your money; preventing fraud and confiscation leaves nowhere to turn. Life is tough for those in the crypto market!
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