$BTC $ETH This year, why is the cryptocurrency market so quiet? To put it bluntly, the paths for money to flow in and out have been completely blocked.
If you want to buy some USDT, the bank will immediately freeze your card; if you want to sell coins for cash, anti-fraud calls will come in a minute to accuse you of fraud.
Now, virtual currencies and illicit industries have become intertwined, making it impossible to distinguish whether you are trading coins, gambling, or committing fraud. They simply cut everything off at once.
In the past, you could find a reliable OTC merchant for trading, but now even merchants are afraid of receiving dirty money. Buyers and sellers are wary of each other, and prices are chaotic.
Do you want to use Alipay or WeChat? Right after transferring the money, you might get flagged for risk control, and you have to go to the bank counter to explain where this money came from—it's a huge hassle.
As for solutions? Don’t think about it in the short term. Domestic policies are adamantly aimed at choking off virtual currencies. The internationalization of the RMB and anti-money laundering are major directions that are set, and the cryptocurrency market can only get harder.
You either completely withdraw or grit your teeth and go underground, but the risks are higher. If you aren’t careful, you could lose your money and end up in trouble.
So, the current quietness in the cryptocurrency market is inevitable; ordinary people can’t afford to play and don’t dare to play anymore. Unless there’s a major policy turnaround one day, this situation will only get colder. What do you think? Have you tried other ways to transfer money in and out?
