🚨 Is trading cryptocurrencies illegal in China?
If you are participating in cryptocurrency trading in the country, it's essential to understand the following points to ensure you do not cross legal boundaries:
1. Know the trading rules:
• Bitcoin is not legal tender, and directly exchanging RMB for USDT is considered illegal, although personal trading has not yet been strictly regulated.
• Do not use USDT for cross-border arbitrage, and do not engage in recruiting others or developing a downline, to avoid legal violations.
2. Business activity restrictions:
• Opening trading platforms, issuing digital currencies, or engaging in over-the-counter (OTC) trading are all considered illegal financial activities, and participating in these actions may expose you to legal risks.
• Personal online trading is relatively discreet, but if it involves project parties or offline activities, the risks increase significantly.
⚠ Friendly reminder: Regulatory enforcement varies by region, so it is essential to remain low-key and carefully avoid potential legal risks.
Additionally, here’s a final perk to share:
A brand new potential token is launching on the Solana blockchain; it is not only a hero in America but also the only dog personally received and honored by Trump in the White House!
If everyone says Doge is Musk's representative coin, then Conan (ending with xBQt) is Trump's dog coin. I have already made my move and am prepared to hold long-term, not looking to sell until I see a 50x return.
