Some have blocked the channels for entering and exiting the crypto world. This has made it too costly and risky for ordinary people to engage in crypto trading. In simple terms, the following situations exist:
Buying U, Selling U: If you now use Alipay, WeChat, or a bank card to buy USDT, you might receive a call from the police station within minutes. In severe cases, the police may even come directly to inquire. This does not mean you have really engaged in illegal activities, but the system automatically marks 'virtual currency transactions' as 'high-risk behaviors' and equates them with 'gambling', 'fraud', and 'money laundering'. It feels frustrating, like you are just shopping normally but suddenly being targeted as a bad person.
Bank accounts are waiting for you. Even if you play with coins, there are patterns to the 'mines'; as long as you receive funds of unknown origin in your bank card, such as money obtained from selling coins in OTC exchanges, your account is very likely to be frozen. To unfreeze it, you have to go to the police station to get a certificate. If the source of the funds cannot be explained clearly, you might be charged with 'aiding and abetting' (aiding information network crimes), and the money in your account could be 'legally confiscated'. It's like staying in your own yard, and suddenly a 'mine' explodes; your property safety cannot be guaranteed at all.
Policy Enforcement: Anti-fraud is now an important political task, and grassroots police also have case handling indicators to complete. Just like strictly investigating violations of electric vehicle regulations, USDT trading has become the focus of attention. You may be a law-abiding citizen, but the police cannot wait that long to fulfill their KPIs. Once relevant transactions are discovered, your bank card is first frozen, and fines are imposed. If there is indeed an issue, you must prove your innocence yourself. This puts ordinary coin enthusiasts in a very passive situation, feeling like a suspect who could be misjudged at any time.
The underground industry has completely sullied the circle. Now, nine out of ten telecom scams are using USDT for money laundering. For ordinary people buying and selling U, it is as dangerous as counting money at a drug transaction site. The police find it hard to distinguish whether you are an ordinary investor or a criminal. There is no way. You can only control everyone involved in the transaction first. This has led to a toxic environment in the entire currency circle, and everyone is afraid to participate easily. In such an environment, ordinary people face very real and tricky dilemmas:
When you want to buy coins, as soon as you show your payment code, the payment function gets suspended, and you can't even take the first step to trade.
When you want to sell money, your bank card is instantly frozen, and then the police station asks you to cooperate with the investigation.
Even if you want to trade with an overseas card, you might be labeled with the 'illegal currency exchange' tag, causing the same troubles.
The end result is: experienced players are afraid of their bank cards being frozen and dare not act rashly; new players see this situation and lack the courage to enter the crypto world. Exchanges have also turned into stagnant waters, lacking vitality. It's like a vegetable market where all the entrances and exits are blocked by city management, and both buyers and sellers can only look at the barriers, unable to conduct transactions normally. Can the market not be abandoned?
There is also a dark humor: the most active participants in the currency circle now might be scammers. They specifically target people in the crypto world. On one hand, the police are always focused on your 'capital safety', while on the other hand, scammers are racking their brains to steal your money.
For players in the crypto world, 'mixed doubles' is hard to bear, further intensifying the desolation and chaos in the currency circle. #美国半导体关税 $BTC#MichaelSaylor暗示增持BTC