Skepticism series, how could a good project only have positive remarks?
Only profits without emphasizing risks, sorry, goodbye to you.
Skepticism: BounceBit Prime's "compliance yield" model.
In simple terms: @BounceBit claims to allow ordinary people to invest in tokenized funds compliantly, but in reality, it might be a regulatory gray area, where ordinary users can easily fall into traps.
There are three main reasons:
Licensing issues
The BENJI fund from Franklin Templeton is compliant in the United States, but does the @BounceBit platform itself have a global operating license? For example, can it operate legally in places like China and Hong Kong? That’s a big question mark.
Tax risks
Investing in U.S. Treasury products requires paying taxes, but will @BounceBit help you report your taxes? If not reported, what will happen if the tax bureau comes knocking?
Fund security
It claims to have "bank-level custody," but in reality, it's just putting money in a smart contract. If something goes wrong, who do you turn to for compensation? Traditional banks have deposit insurance, but contracts have nothing; they can just vanish.
To put it bluntly:
This kind of "compliance" may just be superficial; if you really dig into it, ordinary users could unknowingly break the law. Before you even earn profits, you might first receive a notice for a meeting, and in mainland China, the tax bureau might call you to demand taxes; in America, failing to pay taxes could lead to a visit from the FBI, which could be quite serious.