The H industry has completely discredited itself.
In the current circle, nine out of ten telecom scams are using USDT for money laundering.
For ordinary people buying or selling U, it’s as dangerous as counting money at a drug deal.
The police find it hard to distinguish whether you are an ordinary person or a criminal; they have no choice but to detain all involved in the transactions.
This has led to the entire cryptocurrency environment becoming murky, and no one dares to venture into it easily.
Ordinary people face a very real and tricky dilemma in such an environment:
Want to buy coins? The moment the payment code appears, the payment function gets blocked, and you can’t even take the first step in trading.
Want to sell coins? Your bank card gets frozen instantly, and shortly after, the police station calls you in for questioning.
Even if you want to use an overseas card for transactions, you might be labeled as 'illegal currency exchange', leading to constant troubles.
The end result is: old players are afraid of their bank cards being frozen and dare not act rashly.
New players see this situation and don’t even have the courage to enter the cryptocurrency world.
Exchanges have turned into stagnant waters, lifeless and dull.
It’s like a vegetable market where all the entrances and exits are tightly blocked by city management, and buyers and sellers can only helplessly watch from behind the barriers; trading can't proceed normally, how can the market not be cold?
Here’s a dark humor: the most active people in the cryptocurrency world right now might be the scammers.
They specifically target people in the cryptocurrency world, with the police constantly watching your 'funds safety' while scammers are lurking.
This is like a mixed doubles match for the cryptocurrency world, making it extremely painful.