Is it illegal to make 10 million in cryptocurrency trading?
The key lies in these two steps!
Many people are afraid that if they make money, they won’t be able to explain it and worry about being labeled with 'unknown sources of huge assets.' In fact, as long as the funds remain on-chain (in a cold wallet or exchange), there won't be any direct issues for now. But once the thought of withdrawal arises, trouble comes—
First hurdle: Dirty money trap
Although on-chain transfer records are transparent, the identity of the 'counterparty' sending you money is a mystery. If you accidentally receive money from scams, money laundering, or other illicit sources, even if you are innocent, charges such as 'aiding and abetting' or 'concealment' may come knocking. On-chain, ordinary traders may unwittingly become 'tools' for money laundering in the black market.
Second hurdle: Bank risk control sniping
If your regular salary is five thousand and suddenly a million enters your bank account? The bank's risk control system is not a decoration; it doesn't care if your funds are legal and will freeze the account first. If you want to prove your innocence, you need to provide a complete transaction record, on-chain transfer trace, principal flow, and other closed-loop evidence chains—but the reality is, most people can't gather this 'survival dossier.'
Truth summary: Trading cryptocurrencies is not illegal, but the withdrawal process is like a 'ghost gate.'
Safety advice: Earning money on-chain relies on ability; withdrawing funds off-chain requires planning from the source—every transaction record and source of funds must be preserved in advance to reduce risk