Dear residents of Binance Square,

In this world of cryptocurrency filled with unknowns and opportunities, there is a group of 'experienced drivers' from traditional finance who have turned into 'driving school instructors' in the crypto space. They not only provide driving skills but also promise to take you speeding down the highway to wealth. But before that, let's first check whether their licenses are legitimate.

1. New tracks for experienced individuals

Recently, there have been more and more 'driving school instructors' in the circle of friends, who have transitioned from traditional finance to the cryptocurrency space. These experienced individuals have found that whether it's candlestick charts or market sentiment, the cryptocurrency market is actually quite similar to the traditional stock market. They are trying to replicate their past successes in the crypto space with the same formula and familiar taste.

2. Training business: Don't become a coin trading instructor

In mainland China, 'driving schools' for virtual currencies face strict regulations. These 'instructors' could inadvertently change from teaching people to drive to teaching them how to crash. The policy red lines are clear; any unauthorized 'buy and sell' advice could cross the legal boundary.

3. Legal risk control: Don't let students crash

Imagine you are a 'driving school instructor', and your students have paid high tuition fees, expecting you to safely lead them to the shores of wealth. But if you do not abide by the traffic rules, not only could your students crash, but you could also face legal penalties.

4. Pragmatic legal and risk control advice

If you really want to start a 'driving school' in the crypto space, here are a few suggestions:

  • Don't promise 'guaranteed profits': Just like a real driving school wouldn't promise that you will definitely pass the driving test, don't promise students that they will definitely make money in the cryptocurrency space.

  • Sign a formal contract: Ensure that the rights and obligations between you and the students are written in the contract, especially the risk warnings.

  • Establish a company: Find yourself a 'shield' to avoid facing claims and lawsuits from students directly.

Conclusion:

Running a 'driving school' in the crypto space sounds cool, but don't forget that safe driving is always the top priority. Don't let your students crash because of your violations, and don't let yourself fall into trouble by ignoring legal risks.

Warning: Investment carries risks, and one must be cautious when entering the market. This information is not to be taken as investment advice; we are merely sharing some interesting market observations and humorous viewpoints.