Under the facade of seemingly abundant wealth opportunities in the cryptocurrency world, there are actually crises lurking everywhere, and participants are like walking on the edge of a cliff.
Trading risks are ever-present.
Purchasing USDT through Alipay, WeChat, or bank cards may lead to police inquiries or even visits. This is not illegal, but the system marks the transaction as 'high risk' or suspected money laundering, leaving people feeling aggrieved.
Bank accounts become 'ticking time bombs'.
If an account receives unknown funds, especially from over-the-counter transactions, it can easily be frozen. To unfreeze it, one must go to the police station for a certificate, and if the source of the funds cannot be clarified, one may face charges of 'aiding and abetting', risking the confiscation of hard-earned money.
Policy enforcement causes panic.
Fraud prevention has become a government priority, with grassroots levels having case handling targets, and cryptocurrency trading has become a key focus of crackdown. Even if one is law-abiding, bank cards can still be frozen first, requiring one to prove their innocence, creating a climate of 'presumption of guilt' that makes everyone anxious.
Black market activities worsen the cryptocurrency environment.
Ninety percent of telecom fraud uses USDT for money laundering, and ordinary people trading are like 'counting money in a toxic environment', making it easy to be misjudged. The police often directly freeze transactions, further deteriorating the cryptocurrency environment.
The game rules have changed, making trading difficult.
Nowadays, displaying a payment code leads to the suspension of payment functions, selling cryptocurrency can result in bank card freezing, and using overseas cards may involve 'illegal currency exchange'. Exchanges are lifeless, and both new and old players dare not act rashly.
The cryptocurrency world is fraught with risks, and participants must be cautious, lest they be deceived by the illusion of wealth.
