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Why is virtual currency trading explicitly banned in the country? In simple terms, it's like a super fast lane without traffic lights, traffic police, or surveillance—ordinary people entering face risks far greater than opportunities. The policy does not prevent exploration, but at this stage, it chooses to first build protective dikes to prevent the public from being overwhelmed by uncontrollable financial waves.

Illegal cryptocurrencies have already perfectly bypassed foreign exchange controls to some extent. If cryptocurrencies were allowed legally, they could even directly undermine the fourth phase of the gold tax.

If you sell a house in a first-tier city and get 5 million cash, you want to convert that money to 700,000 US dollars to transfer abroad.

The bank has a 50,000 quota for currency exchange, and remittances also have a 50,000 quota, a double insurance, requiring 14 years to complete the transfer.

If you use someone else's quota to exchange for cash in US dollars, manually exit the country, carrying over 5,000 will be regulated.

If you use someone else's quota to remit to your overseas card, you will be monitored if more than 3 people are involved. If you want to take RMB out of the country and then exchange for foreign currency, you cannot carry more than 20,000 in one trip.

If you want to remit RMB abroad, sorry, you cannot remit a single cent; all legal pathways you can imagine are blocked. Now back to cryptocurrencies.

If there are no quota restrictions, it perfectly bypasses them. If there are quota restrictions, assuming a reference foreign currency of 50,000 US dollars, you can use someone else's quota. Fourteen people can help you exchange 5 million RMB, then store it on a USB drive to take abroad. As long as you don’t say anything, no one will know.

In summary: Cryptocurrency, in a sense, is close to a general equivalent of precious metals. It has properties similar to precious metals: decentralization and anonymous transactions, which leads to a state of complete loss of control for centralized national finances.

With the advancement of the times, precious metals gradually withdraw from the circulation field, mainly due to the laws of physics at play. Compared to fiat currency, they are too inconvenient. However, cryptocurrencies are not bound by physical laws, making them almost as convenient as payment platforms like Alipay and PayPal.

Even if we set aside foreign exchange control for a moment, if everyone truly used cryptocurrencies, the fourth phase of the gold tax would become a joke. Who can tolerate that?
#中美贸易谈判 $BTC

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Bro, let's raise it a bit, I'm Chinese, don't treat me like a fool, it's dropped to the last bit, your project still needs to develop, so please raise it a bit, the kids at home need to eat too, how many people's half a lifetime's efforts are instantly turned to ashes. Do you want to do some charity with a KOL too, please raise it a bit, good Feifei big baby.

$BTC $ETH You can't even catch the warmth after eating shit. Is it unpleasant? It is indeed unpleasant. The international community embraces the cryptocurrency industry, yet you ban it today and tomorrow. Some big names online go by the name of Wandering Earth, driving people to other places, and this career will be gone. What do you say? Just one sentence: Feudalism is ingrained in our bones after five thousand years of feudalism.
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Dog Zhuang, are you coming to explode me? If not, I look down on you $pippin
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Dog chicken bastard has tormented me for five years, either just go back to zero, damn it, cheating money is one thing, but also cheating my feelings, the whole world is rising, and you are just playing dead.

Wow, it turns out that people in the cryptocurrency world are so rich, just the A8 A9 have tens of thousands to over twenty thousand people. 👍👍👍🤛
$DASH $ZEC $SOL

The latest episode of 【Crypto Circle Unprotected】 has just finished recording.

Binance Square's top guy @颜驰Bit , this episode is not to be missed!!

The group photo has already been shared, Bitcoin $BTC is expected to drop to 38,000!
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Not active on weekends, there is a problem with the mindset.

Another two ten thousand oil,

Tonight I'm taking your sister-in-law out for a French dinner.


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$DEGO is going to be removed, it should be pulled, no wonder there has been no movement these days!!