‘Sual Legal Lecture’ Is it illegal for individuals to play with virtual currency?
In the current community, many people are curious, or in other words, puzzled about one thing. Is it illegal for me to trade cryptocurrencies after working so hard? Today Saul, I will explain it to you clearly in one breath! In the general public's perception, there is often a misunderstanding that 'individuals playing with virtual currency is illegal.' However, from the perspective of our current effective regulatory rules, the regulatory authorities have never outright banned all personal activities related to virtual currency. The core regulation targets illegal financial activities related to virtual currency that involve businesses and the public. The act of individuals merely holding and taking risks with their investments does not necessarily constitute an illegal act.
The crypto scene doesn’t look too bright right now. BTC and ETH took a nosedive yesterday and haven’t bounced back today. Originally, with the hype around the events and the 2.0 narrative, BR seemed poised to carve out its own independent trend. But at this point, that optimism feels a bit misplaced. After the drop yesterday, BR did see a short rally. I expected today wouldn’t hit the bottom, and sure enough, it’s still a downhill ride 📉. @Bedrock Borrowing from BTCFi, there’s a growing momentum, which allows for more use cases while ensuring safety. However, with the recent black swan events causing selling pressure, it’s tough to shake off those standout elements now. When’s the bottom fishing happening? Definitely not now! #bedrock $BR
Is this the beginning of the crash, or just the final dip? An epic analysis of the crypto waterfall!
In the crypto space these past few days, there’s just one word: It's brutal. BTC has broken through key support, ETH's losses are widening, and altcoins are taking a nosedive. I opened my trading app, and it's all red. Countless traders are getting liquidated, many are cutting losses. Some folks are starting to doubt if the bull market has come to an end. Some are already calling for a bear market. Even more are swearing off contracts for good. But if you've lived through the bull and bear cycles of 2017, 2020, 2021, and 2024, you realize: The real big opportunities often arise during the most panicked times. So the question is: Is this crash really the end of the bull market?
These past couple of days have been a black swan for the crypto space. BTC has dropped straight from 6.8 to 6.1. ETH is looking even worse. BR, as it stands, is also following the trend down. However, looking at the 4-hour candlestick, the potential for an upward climb is still pretty high. At the same time, with @Bedrock leveraging the narrative around rewards and the 2.0 version upgrade, the chances of continuing to drop aren't that great. But if there's another big waterfall coming, it could very well follow the same trend as this time. #bedrock $BR
Lately, I've been keeping an eye on projects that blend AI and blockchain, and I find the development roadmap of @GeniusOfficial quite intriguing.
In the current market, many AI concept projects focus more on narratives, while there aren't too many that can genuinely connect technology, applications, and ecosystems.
Genius gives me the impression of focusing more on long-term building by creating an AI-driven ecosystem, allowing users to be not just participants but also value creators.
With AI technology evolving rapidly, on-chain data analysis, smart decision-making, content creation, and community collaboration may soon see new growth opportunities.
The direction Genius is exploring perfectly aligns with this trend. If they can keep expanding ecosystem partnerships and attract more developers and users, their network effects are likely to strengthen further.
For me, determining whether a project is worth long-term attention involves not just looking at short-term hype but also assessing whether the team continuously delivers products and drives ecosystem growth. From the current development pace, Genius is gradually refining its strategy.
Moving forward, I will keep a close watch on the ecosystem progress of @GeniusOfficial , as well as the practical value performance of $GENIUS in future application scenarios. #genius $GENIUS
Satoshi hit me up through encrypted channels Trump is the mastermind behind the destruction of $BTC The biggest short player Looks bullish for BTC But really he's turned the crypto space into his ATM This latest dip is all on Trump He's tipped domestic institutions to dump hard BTC is heading to 60k The bears' bull market #btc
What does this mean? Are we really going to lose even six dimes? What’s the point of this altcoin right now? Those who have shorted must be rolling in gains by now. #doge $DOGE
CZ gave a super on-point review of Genius on Twitter: "Genius quickly built one of the first and cheapest propAMMs on BNB. Keep building. 👏" This statement accurately highlights Genius's core advantage. It's not your traditional passive AMM; it's built an efficient, low-cost propAMM (professional automated market maker) that significantly reduces trading friction, @GeniusOfficial increasing liquidity efficiency and execution speed. This is a pioneering innovation in the BNB ecosystem, showcasing the team's strong execution and foresight.
CZ dropped a tweet back in January this year explaining the difference between @GeniusOfficial and Aster. The official word back then was that they were tightly integrated and more collaborations would be rolling out soon. Genius is focusing on routing, privacy, and execution, targeting serious on-chain traders, bringing more market opportunities. Today, Genius surprised us with way more than just routing, privacy, and execution. It's looking like a solid project! #genius $GENIUS
Feeling like a clown Bought a doge miner at the peak last year Can't even break even now Even doge is tanking hard It's totally a bear market right now $DOGE
What Sual has to say: After Tiger, Long Bridge, and Futu: Can ordinary people still legally trade Hong Kong and US stocks? An article that clarifies future pathways.
Recently, discussions have arisen among investors about the CSRC's regulatory actions towards Hong Kong online brokers. Especially regarding compliance issues surrounding Tiger Brokers, Long Bridge Securities, and Futu, the question of 'Will mainlanders still be able to trade US stocks in the future?' has become one of the hottest topics in the investment circle. Some people are starting to panic, worried that their US stock accounts might suddenly become invalid; others are searching for so-called 'workaround solutions', and some are even selling various gray area account opening pathways on social platforms. However, if you look at regulatory documents, policy logic, and real operations together, you'll find an important fact:
Holding the top three altcoins No signs of a bottom Every day it's just a slow bleed DOGE, SHIB, PEPE In a market like this, how should we trade? #doge
"Sual Legal Watch" After Tiger and ChangQiao are penalized: Is the door to cross-border investment really about to close?
Written by|Saul_Lawyer Recently, a piece of news has shaken up the trading community. The China Securities Regulatory Commission has issued a notice of administrative penalties against Tiger Brokers, Futu Securities, and ChangQiao Securities for illegal securities operations within China without approval. The core classification is very clear: operating securities business illegally in China. Regulators plan to confiscate illegal gains and impose severe penalties according to the law. (China Securities Regulatory Commission) A lot of investors are thinking, "Does this mean we can't buy Hong Kong stocks or US stocks anymore?" Some folks are fuming, saying, "Regular people are being blocked from any asset allocation opportunities."