Circumventing regulations to trade cryptocurrencies becomes a foreign exchange business; three young men born after 1995 are sentenced!
Recently, the People's Procuratorate of Jianhu County in Jiangsu Province announced a case involving cross-border foreign exchange trading mediated by virtual currencies, which has attracted wide attention. Three young men born after 1995 were found to have engaged in disguised foreign exchange trading by using virtual currencies to bypass national foreign exchange regulations, which constituted the crime of illegal business operations. They were ultimately sentenced to prison terms ranging from five years to one year and six months, and fined.
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