Recently, a case of profits from cryptocurrency trading through VPN being confiscated has sparked widespread discussion. According to local lawyer Wu Enxiang's sharing, in August of this year, a public security agency in a certain area of the country ruled that engaging in virtual currency trading through VPN is illegal and has the right to confiscate the profits.

Details of the VPN case

According to the administrative penalty decision, the public security agency discovered that the individual Zhang San used a VPN to illegally access the internet internationally without approval, contacting buyers through overseas platforms to purchase virtual currency at a low price and selling it at a high price on overseas trading apps for profit.

Investigations show that Zhang San's actions involved the sale of virtual currency, and he illegally profited 90,000 yuan during the operation period. Eight mobile phones and eight sets of computers in his studio were confiscated as tools of the crime.

Profits of 90,000 yuan from trading confiscated

After being summoned, Zhang San appeared for investigation. The public security agency determined that Zhang San's actions constituted unauthorized use of illegal channels for international internet access, based on Article 6 and Article 14 of the Interim Regulations on the Administration of International Internet Access by Computer Information Networks of the People's Republic of China, and Article 11, Paragraph 1 of the Public Security Administration Punishment Law of the People's Republic of China. He was warned and fined 15,000 yuan, while the illegal profits of 90,000 yuan and the tools used for the crime were confiscated.

This case has sparked heated discussions in the Chinese community because it links the behavior of "using VPN for cryptocurrency trading" with the identification of "illegal profits." Some viewpoints suggest that this law enforcement action may lead some users, due to conflicts of interest or envy towards successful cryptocurrency traders, to initiate a wave of reporting VPN usage.

In the future, Chinese users engaging in cryptocurrency trading through VPN may need to be more cautious, as this case may become a benchmark for future law enforcement. If the identification of illegal profits from VPN trading becomes generally applicable, then in China, trading cryptocurrencies through VPN may face the risk of profit confiscation.

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