Many friends ask, if I make millions from trading, can I safely cash out? Will the profits be confiscated? Will my bank card be frozen? Could I even be involved in a crime? To clarify this, I consulted a lawyer and provide answers for everyone:

  1. Is personal trading of cryptocurrencies illegal?
    In simple terms, personal trading of virtual currencies is not illegal. The law only strictly regulates behaviors such as platform operations and token issuance; ordinary people buying and selling cryptocurrencies are not within the scope of regulatory penalties.

  2. Will profits be confiscated?
    At this stage, the law does not stipulate that profits from trading virtual currencies must be confiscated. Profits made from trading are the result of individual risk-bearing, and no one can forcibly confiscate them.

  3. Will cashing out freeze my card?

  • Normal transactions: If the other party's funds are legitimate and the transaction price is reasonable, it generally will not be frozen.

  • Abnormal funds: If the received funds are from illegal sources such as fraud, the account will be frozen and must be refunded to unfreeze it, but this does not mean you have committed a crime.

  1. Possible involvement in criminal situations
    Criminal risks generally occur with 'U merchants', that is, businesses or individuals who buy and sell USDT on a large scale. Ordinary traders can maintain low risk as long as they comply with trading regulations.

Summary: Making profits from trading is not illegal; when cashing out, pay attention to the legality of the source of funds, keep evidence, and reduce unnecessary troubles.

Note: Investment carries risks, comply with trading regulations, and avoid unnecessary legal disputes!