Recently, some group friends are keen on transferring virtual currency on certain platforms, earning a difference of 1-2 cents. For example, they might earn 200 yuan by investing 10,000 yuan, and through such operations, they can make thousands of yuan in just a few days. However, behind this seemingly simple arbitrage may be a trap; you are actually helping gambling platforms with payment settlements and may even be involved in illegal activities.
These platforms usually only offer a certain type of virtual currency (such as wave currency), which has very little price fluctuation. For example, the buying price is 0.99, and the selling price is 1.01, and the difference is your source of profit. However, what you don't know is that the real purpose of these coins is not investment, but rather a tool for platforms to settle accounts for gamblers. In other words, your transactions are actually helping these platforms with fund transfers and money laundering.
According to the (Judicial Interpretation of the Crime of Assisting Gambling), if you know that you are providing payment settlement assistance for gambling crimes, you may be held criminally liable and face a maximum sentence of three years. This seemingly 'profiting from price differences' behavior is actually helping people launder money. So, do not be easily deceived by these 'opportunities' of price arbitrage; stay away from illegal flows of funds to ensure your own safety.
