In China, activities related to virtual currency are recognized as illegal financial activities. However, it is not illegal for individuals to hold virtual currency assets, but profits from trading are subject to tax, and cashing out requires extra attention to risks. 一起交流更多
From a tax perspective, according to a document issued by the Shanghai Municipal Taxation Bureau of the State Administration of Taxation, individuals buying and selling virtual currencies online should pay individual income tax based on 'income from property transfer.' The original value of the property for selling virtual currencies is the price paid and related taxes and fees at the time of purchase. If the original value certificate cannot be provided, it will be determined by the competent tax authority.
Safe cashing out and risk control are key challenges. Due to the anonymity and decentralization of virtual currency transactions, the source and flow of funds are difficult to track, and cashing out may involve illegal funds such as money laundering and fraud, leading to account freezes or financial losses. For example, in OTC trading, if the chosen merchant has an unclear source of funds, or if transactions are frequent and amounts are abnormal, it may trigger bank risk control.
Although there are various channels available for cashing out in the cryptocurrency market, such as digital currency trading, bank card transfers, etc., Alipay clearly does not support virtual currency transactions. It is recommended to choose large platforms with regular and strict supervision, such as Binance and OKEx, as these platforms have good communication channels with regulatory agencies and relatively complete risk control measures. When conducting OTC transactions, try to use mainstream coins like BTC and ETH, and avoid directly using stablecoins like USDT. Choose a separate bank card that is not usually used, preferably from a local bank, as cards from large and medium-sized banks like Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, etc., are more likely to be frozen by law enforcement agencies. Do not frequently trade with fixed merchants or users, actively take orders from large merchants and market makers, place fewer orders, and avoid problematic regional merchants. Reduce the frequency of cash withdrawals, increase the cash amount, and do not immediately transfer funds out after trading; keep them in the account for a period of time.
In summary, in cryptocurrency trading, investors should understand relevant tax policies and cash-out risks, operate cautiously, and protect their property safety and legal rights.
Bitcoin Shock! Core Policy Major Change, Filtering Garbage Transactions or Destroying Decentralization? $BTC
Recently, the new transaction relay policy proposed by Bitcoin Core has stirred up a storm in the cryptocurrency field, triggering intense discussions and controversies within the community. This policy advocates for a decentralized dissemination mechanism, yet has subjected the principle of decentralization to unprecedented scrutiny.
Supporters believe that the new policy will help stabilize miners' income. In the current complex market environment, miners face numerous challenges, and a reasonable transaction relay policy can optimize the transaction process, making miners more efficient in validating and packaging transactions, thereby ensuring their earnings. This is crucial for the stable operation of the Bitcoin network, as miners are the core force maintaining the security and normal functioning of the blockchain.
However, the concerns of opponents cannot be ignored. They worry that the new policy may be abused and become a tool for centralized control. Once the rules of transaction relay are controlled by a few individuals, the decentralized characteristics that Bitcoin prides itself on will be severely threatened. In the past, Bitcoin's decentralization was a significant reason for attracting global users, breaking the centralized monopoly of the traditional financial system and providing users with a free and equal trading environment. Now, the emergence of the new policy has made many people worry that this advantage will no longer exist. Furthermore, the risk of node splitting has resurfaced. If different nodes have disagreements regarding the implementation of the new policy, the Bitcoin network may face a crisis of division, which would have an immeasurable impact on the entire cryptocurrency market.
Since its inception, Bitcoin has adhered to the principle of decentralization, striving to create a financial system not controlled by a single institution. The recent changes in Bitcoin Core's policy undoubtedly put Bitcoin at a crossroads. Whether to continue to uphold the original intent of decentralization or to compromise in response to real-world issues is a question that every Bitcoin enthusiast and investor needs to ponder.
Singapore's 'Knife' Cleans Up Unlicensed Crypto Platforms, Deep Tide Exclusively Reviews 57 Compliant Exempt Companies, Binance Excluded from the List
The Monetary Authority of Singapore (MAS) has recently taken strong action to comprehensively clean up unlicensed crypto platforms, causing a huge stir in the cryptocurrency sector. In this regulatory storm, compliance has become the key to survival. After in-depth investigations, Deep Tide has exclusively reviewed 57 companies that have obtained compliance exemptions, however, Binance, once the leading player in the crypto industry, did not appear on this list.
Singapore has always been a focal point for the cryptocurrency industry, and its regulatory attitude has a profound impact on the global crypto market trajectory. This strong move by MAS releases a clear regulatory signal aimed at strengthening financial market stability and protecting investors' rights.
Among the 57 compliant exempt companies exclusively reviewed by Deep Tide, various types of crypto enterprises are included. These companies have obtained a 'pass' to continue operations due to their complete compliance systems. However, Binance's absence is surprising. As a globally renowned crypto trading platform, Binance previously had a certain presence in the Singapore market. Its failure to enter the exemption list undoubtedly poses significant challenges to its business development in Singapore.
With the implementation of Singapore's regulatory policies, unlicensed crypto platforms are being cleaned up one by one, and the market landscape is undergoing drastic changes. Companies that have obtained compliance exemptions are welcoming new development opportunities and will expand their businesses in a more regulated environment; meanwhile, platforms like Binance that are not on the list will need to reassess their strategic layout in Singapore and seek new compliance pathways. This regulatory storm not only tests the adaptability of crypto enterprises but will also reshape the future direction of Singapore's cryptocurrency market, warranting continuous attention from both within and outside the industry.
The Hero Dog of the Co--NAN Community is Worth Noting, Last Number XbQt
📣 Cryptocurrency Survival Guide! Understanding the "Sector Interaction Code" is 10 times more fragrant than looking at K-lines! Newbies, quickly save this "Ecological Relative Relationship Chart"; all the big shots' bottom-fishing logic is here👇
💥 When ETH stomps its feet, PEPE's rocket mode is activated! As Ethereum's "favorite child," PEPE can be considered "3x leveraged ETH"; when it rises, it directly lets you experience the thrill of riding a rocket🚀 Remember! When ETH moves, switch to PEPE/ENS immediately; the favorite child is always crazier than the godfather~
⚡ SOL's clear tricks: The complete guide to the "Three Idiots and Three Heroes!"
• MEME Three Idiots: WIF, BOME, BONK (mainly focuses on a wild style; when SOL rises, they dare to rise 3 times)
• AI Three Heroes: ARK, GOAT, AI16Z (riding on SOL's AI hype, being quick with hands is better than quick with brains) Hidden Easter egg: This guy SUI is the best at "jumping left and right"—when ETH/SOL rises, it follows, but the real quiet wealth is in the ecological coin WAL, which directly gives SUI "double speed"👀
🔥 BNB Chain's true necessity: DEX is always the god! CAKE, BAKE and these exchange coins are like the "water, electricity, and coal" of the crypto world— as long as there are trades, they make money on fees! Remember the mantra: If L1 can't rise, go dig for gold in the ecology!
📌 Ultimate Trading Philosophy: Don’t trust technical analysis mysticism! Engraving the "Ecological Map" into your DNA is the true way— ✅ ETH starts → go for PEPE/ENS (favorite child first) ✅ SOL moves → ambush JTO/JUP (ecological little brothers follow quickly) ✅ SUI goes crazy → go all in on WAL (exclusive for leveraged players)
💡 Why can big shots always hit the mark precisely? Because they have memorized the "relatives" of each coin better than high school exam formulas! Now quickly weld this "Interaction Chart" into your brain, and when the next wave of the market comes, follow the chart👇
# The Night Before the CPI Data Storm $BTC $XRP are about to face the "data test"; remember: while others panic looking at K-lines, you can stay steady as a rock with "Ecological Interaction"! Share this with your crypto buddy who only knows how to chase highs and sell lows, and together unlock the "lying win posture" ~
(Save this article, and remember to come back to check before the next surge! 🚀)
【Emergency Warning! Scam Groups Fully Shift to Virtual Currency, Elders Are Becoming High-Risk Targets】 加入总统社区做家人
Recently, friends and family of cryptocurrency practitioners in Taiwan have encountered a new type of scam: scam groups first gain trust using legitimate platforms (such as MAX Exchange), lure victims into buying virtual currency, then 'guide' them to transfer to Trust Wallet, and finally introduce fake investment websites to carry out the fraud with fictitious profit numbers. KryptoGO founder Ou Yaowei warns: In the Web3 world, there are no customer service or regulatory agencies; once funds enter the blockchain, it’s like sinking into the deep sea, and the possibility of recovery is almost zero!
Three Core Tricks Exposed:
1. Legitimate Platform Setup: Using a regular exchange to eliminate suspicion and induce coin purchases
2. Wallet Transfer Trap: Using 'professional guidance' as a pretext to direct transfers to designated wallets
3. Fake Platform Harvesting: Displaying false profits through imitation investment websites, while in fact absconding with the funds
Beware of Secondary Scams!
Scammers may infiltrate anti-fraud posts to comment, using phrases like 'hackers can recover funds' or 'investment master fan pages' to commit secondary fraud. Ou Yaowei emphasizes: Any 'investment' that requires transferring virtual currency according to specified steps is the starting point of a scam!
Overview of Common Scam Types:
• Fake Investment/ Ponzi Scheme: Faking high-yield websites, using celebrity endorsements to deceive
• Pig Butchering/Romance Scam: Creating fake identities on dating platforms to induce virtual currency investment
• Impersonating Customer Service/Phishing Attacks: Forging official customer service to steal private keys, or embedding phishing links in emails
• Fake Gifts/Fake Exchanges: Claiming 'transfer coins to double' or cloning legitimate platforms to misappropriate funds
Breaking! Trump's Dinner Takes a Sudden Turn, Why Are Cryptocurrency Tycoons Clearing Out? 总统社区2
The excitement surrounding Trump's dinner has not yet faded, but a sudden twist has occurred in the cryptocurrency world. A grand drama surrounding the 'Trump Coin' is unfolding, with plot twists that leave people bewildered!
According to the original plan, the top 220 holders of the 'Trump Coin' would have the chance to dine with Trump, an opportunity many dream of! However, just as everyone was eagerly anticipating this feast, the plot took a sudden turn. Today, an astonishing act was made by 17 holders who decisively cleared all their 'Trump Coins,' bringing their holdings to zero, as if this dinner had nothing to do with them. Even more shocking is that a major player originally ranked 25th, 'noah,' also resolutely sold all his tokens, completely withdrawing from this game. This series of actions is indeed baffling. Could it be that the opportunity to dine with Trump and visit the White House is worthless in their eyes? Or is there a hidden secret behind this?
Looking at the current rankings, the top position is occupied by a mysterious wallet 'SUN.' According to blockchain analysis company Arkham, the owner of this wallet is actually the cryptocurrency exchange HTX based in Seychelles. And the well-known cryptocurrency entrepreneur Justin Sun happens to be a member of HTX's Global Advisory Board. The connections here are bound to spark speculation. As major players rush to exit, a mysterious wallet rises to the top, the cryptocurrency world behind Trump's dinner resembles a giant mystery full of suspense, making it hard to grasp.
This dinner was supposed to be a feast of fame and fortune, but now, due to these changes, it has become elusive. As the event continues to develop, what will happen next in the cryptocurrency world? Will more holders follow suit and sell off, or will new forces intervene? This turmoil triggered by the 'Trump Coin' is destined not to settle easily, and every future move will tug at the hearts of countless people. Let us wait and see how this grand drama in the cryptocurrency world continues to unfold!
【2025 Crypto Market Shocking Prediction! 4 Months to See Through Bull-Bear Turning Points】 一起加入总统社区 🔥In July, BTC breaking 150,000 USD is just an appetizer! The real madness will unfold in August—when retail investors collectively FOMO shout "Charge!" to enter the market, institutions are quietly unloading! The historic high could reach 200,000 USD, but this is the signal for smart money to exit!
🌪️September will welcome the ultimate carnival for altcoins: Established coins like ETH, ADA, DOGE may violently surge and break previous highs! This is the last opportunity for retail investors to “escape pod”—behind the carnival, the market in October will enter “bungee mode,” where both bulls and bears will shake your heart!
⚠️The most brutal scenario will be in 2026-2028: BTC may face halving after halving, dropping below 50,000 USD! Altcoins will face “apocalyptic liquidation,” with 90% of projects going to zero, and a wave of exchange bankruptcies returning! Those shouting “HODL” now may end up crying in despair in the future!
💥Want to seize the last dividend? Follow the ace group chat to layout key turning points in advance! But remember: the carnival always has an end, and risk is forever hidden in the noise of “everyone's carnival.” Before the tide recedes, are you ready to come ashore?
Don't know what big meal to eat? 加入总统社区 $TRUMP $ETH Trump Meme Coin $TRUMP buyers spent approximately $148 million to win the opportunity to have dinner with Trump.
The opportunity to buy at the bottom may have to wait until Tuesday or Wednesday during the day. Before the data is released, the main funds are unlikely to act rashly, and for now, we can only wait. Originally, I selected three altcoins, one of which has slightly increased over the weekend, and the remaining two are expected to have a correction soon. Currently, market fluctuations are limited, and there is not much room for operation; we can only observe the changes and wait for clearer signals before making decisions. During such times, it is advisable to pay more attention to market news to prepare for subsequent operations and avoid blindly entering the market.
Stunning Revelation! The Incredible Chess Game Behind Ethereum 一起交流更多meme 现货 $ETH The cryptocurrency world is buzzing with explosive news! Recently, the Ethereum market has been unusually active, seemingly hiding a grand scheme behind it.
The United States and China announced a ceasefire in the trade war, causing subtle changes in the global economic landscape. At this moment, Ethereum suddenly surged, quickly trending on Douyin, becoming a hot topic of discussion among the public. Major state media and self-media outlets seem to have received orders, collectively releasing videos of Ethereum's surge, spreading with astonishing speed and breadth.
Even more astonishing is that the Chinese government is a significant holder of Ethereum, possessing a large amount of it. On-chain data also shows that since last month, there has been a large-scale transfer of funds in Ethereum, and various signs indicate that Ethereum might be undergoing a change in major holders.
This series of events is no coincidence! A powerful force is cleverly utilizing the international situation, meticulously laying out plans with the intention of driving Ethereum's surge. The market confidence boost from the trade war ceasefire has created an excellent environment for Ethereum's explosive growth; the Douyin trending topics and collective media voice successfully attracted global attention, resulting in a massive influx of funds. The major holders might be looking to take advantage of this tailwind to complete chip collection and price manipulation.
In this ever-changing world of cryptocurrency, the future direction of Ethereum tugs at the hearts of countless people. Will it soar to new heights, or are there hidden crises? Stay closely tuned and witness the subsequent developments of this financial spectacle together!
📢【Ethereum Liquidation Data Goes Viral! Longs and Shorts Suffer $180 Million Loss, Risk Warning Raised】总统社区2
On May 12, the crypto market experienced a "bloody washout"! According to the latest data from Coinglass, the liquidation amount of Ethereum in 24 hours reached $180 million, far exceeding Bitcoin's $74.25 million! Among them, long liquidations amounted to $99.87 million, while short liquidations reached $79.95 million, with both sides suffering "mutual destruction".
💡【Key Signal Interpretation】
1. Leverage Discrepancy: The leverage level in the ETH market is significantly higher than that of BTC, amplifying volatility risks;
2. Cost of FOMO is Severe: The liquidation amount for long positions is nearly $20 million higher than that for short positions, making blind FOMO traders the "hard-hit area".
⚠️【Investment Warning】 "Buy low, sell high" is always a hard truth! Caution is needed when entering at high levels due to the potential for increased risks; there is no "sure-win strategy" in market speculation, and reasonable position control is the way to survive. #币安Alpha new arrival
Monthly salary of 4784, debt of 25.44 million. How did this happen? 一起了解更多. Woman applies for bankruptcy!
Shenzhen, China - The Shenzhen Intermediate People's Court recently issued a personal bankruptcy liquidation application notice, sparking heated discussions. The 37-year-old applicant, Zhou, has a monthly salary of only 4784 RMB, but her total personal debt amounts to over 25.44 million RMB, far exceeding her ability to bear.
According to foreign media reports and related online post screenshots, the applicant, Zhou, is female, with a monthly salary of 4784 RMB and a housing provident fund account balance of 11592.27 RMB. There is great interest in whether the related personal bankruptcy application will ultimately be accepted by the court.
Personal bankruptcy, in this context, means that when an individual’s assets are insufficient to cover debts, the court decides whether to exempt most of their debts, allowing them to start anew, aiming to provide a debt restructuring opportunity for individuals in serious financial distress who are honest and trustworthy.
Currently, China’s personal bankruptcy system is being piloted in developed regions, and Shenzhen is one of them.
Staff members from the Shenzhen Intermediate People's Court and the Shenzhen Bankruptcy Administration stated that this case is still in the personal bankruptcy application review announcement stage. The purpose of the application review announcement is to widely solicit feedback from informed parties and to verify the authenticity of the applicant's information.
Family! The bull market train has whistled into the station🚆! The whirlwind of the main upward wave is blowing fiercely, and altcoins are about to enter party mode💃!
Don't get distracted by the fish head and fish tail, isn't it better to hold on tight to the fish body and enjoy it? This wave of increase has just shown its tip, like a freshly opened bottle of ice-cold cola, with bubbles bubbling up~
Highlight! BTC stabilizing at $100,000 is just the appetizer, the $150,000 steak dinner is on the way! Remember: real money hides in the big trend, and the certainty of a raging bull is the ultimate surprise🎁!
Listen to me! Follow C0–nan's footsteps closely, fasten your seatbelt! The celebration party of the main upward wave is about to start, a hundredfold market is not just a fantasy—get on board now, and you will be the next life winner in the crypto world who laughs like a goose🤣! Just go for it, let's do this💥! #BTC重返10万 #MEME法案
一起交流更多 Are people in the crypto world waiting for a Fed rate cut in July? Wake up! When the whole market has "rate cut = bull market" ingrained in its DNA, the main players are quietly sharpening their scythes—the script that took off last September is still fresh, and this year might play out a "reverse kill"! Think about it: if you held hundreds of billions in chips, would you wait for retail investors to react before dumping? It would inevitably be about pushing expectations ahead of time, and when the rate cut news lands and the retail investors rush in with red eyes to take over, that's when the precise dumping to reap profits happens! The current rise isn’t just a windfall; it's smart money putting a price tag on "rate cut expectations". Remember: the real bull market takes off before the good news is realized; by the time you see the "bull market signals", you might be standing at the peak enjoying the breeze! Don't be the one chasing highs to take over; the early bird eats meat, while the latecomer eats dirt. Getting in now is the real smart move~
《Bill Gates Drops a Bombshell: Donating 200 Billion, Closing in 2045! Netizens: This is the Ultimate 'Bare Donation'》总统社区2群
Microsoft founder Bill Gates has made a huge announcement! This 69-year-old global billionaire declared on Thursday: he will donate 99% of his wealth (approximately 200 billion USD) over the next 20 years and completely close the Gates Foundation in 2045. The news exploded online: some were amazed by the 'true bare donation king', while others remarked that this is a more shocking Earth plan than Musk's Mars dream.
Powerful Quote: Never Die as a Rich Person! Gates firmly stated in his announcement: "When I die, people will talk about many things about me, but I am determined not to let them say 'he died very wealthy.'" This tycoon, who was once the world's richest man for a long time, is now set to nearly pour his 108 billion USD fortune (about 462.1 billion MYR) into philanthropy—from eradicating polio and malaria to reducing infant mortality rates, and even criticizing countries like the US, UK, and France for cutting foreign aid: "The wealthiest countries should not abandon the poorest people."
25 Years of Philanthropy: Over 100 Billion Spent, Now Accelerating the 'Sprint' Since founding the foundation with his ex-wife Melinda in 2000, Gates has donated over 100 billion USD, with even 'investment guru' Buffett joining the team. Now he has suddenly accelerated, stating, "Too many urgent issues cannot wait": malaria in Africa claims nearly 500,000 lives each year, and 190 million children worldwide are still malnourished... He even pointed out: "Without US funding, polio could never be eradicated."
Controversy and Applause: Some Praise the Vision, Others Worry About 'What Happens After the Foundation Closes' Netizens are hotly discussing: "A cooler farewell than 'retiring to space'" "How many bitcoins can 200 billion buy? But Gates chose to save lives." However, there are also doubts: The foundation has built a vast network over 25 years, and suddenly closing in 2045 raises questions about how to connect ongoing projects. After all, relying solely on African countries to 'tighten budgets' may still make eradicating malaria a luxury.
Gates' Ultimate Goal: To Rewrite Humanity's Destiny with Wealth, Not to Take It to the Grave
《Why is BN Always Criticizing P2P Scams? The Money of This Batch of Retail Investors is Too Easy to Deceive!》一起交流更多meme
Have you noticed that BN has recently been like a chatty "anti-fraud mom", warning about P2P scams every few days? Don't rush to get annoyed—because reality is more magical than TV dramas: some people are pouring their retirement savings into "blockchain pig farming" for a "monthly income of 100,000", while others are tricked by "handsome anchors" into investing in "virtual mines", only to find out that even the scammer's IP address is fake!
The layered tricks of P2P scams are more thrilling than palace dramas:
1. Master-level Pie-in-the-Sky Promises: "Static returns of 8%, earn dividends by bringing in people" "Invest in XX coin, become a millionaire in three years"—scammers understand your anxieties better than your own mother, packaging your mortgage, car loan, and baby formula money as a "get rich opportunity".
2. Social Ceiling-level Acting Skills: Disguised as "Wall Street returnees" or "blockchain experts", they lurk on dating sites, mom groups, and car clubs. They chat about life ideals for the first three days, and on the fourth day, they send "profit screenshots" to tempt you: "Just bought a Porsche, want to earn some pocket money?"
3. Psychological PUA Masters: When you hesitate, they say: "Only cowards don't make money" "If you miss this wave, you'll have to wait ten years for the next bull market"; after you invest, they use reasons like "account frozen requires unfreezing funds" or "upgrade to VIP to unlock earnings" to make you invest more and more, like filling a pit.
Why is BN so harsh in their criticism? Because retail investors are really too easy to exploit!
• A certain "metaverse farm" scam used a photoshopped "NASDAQ listing image" to swindle 200,000 retirees' pensions in three months;
• A Southeast Asian scam group used AI-generated voices of "rich beauties" to chat, tricking single men into exchanging their betrothal money for "air coins";
• There are even scammers combining "charity + blockchain" scams: "For every 1,000 yuan invested, donate 10 yuan to children in mountainous areas", but 99% of the money ends up in their own pockets.
The most heartbreaking truth: you focus on their high interest rates, while they focus on your principal! BN is not advertising against fraud but racing against time with scammers—after all, when you are tempted by a screenshot of "earning a thousand a day", the scammer's scythe is already gleaming coldly.
《When Post-00s Turn the Crypto World into a Social Arena: 500 Million Young People Are Restructuring Wealth Rules》
Programmers in Mumbai, India, gather late at night in curry-scented internet cafes, collectively staring at the market, using their 'bug-fixing' speed to grab MEME coins; American high school students calculate USDT exchange rates on math homework paper, while Silicon Valley elites secretly adjust their portfolios during Zoom meetings—560 million young people worldwide are launching a silent 'wealth revolution' in the crypto market with their keyboards and phones.
The data is more magical than movies:
• 75 million young Indians have abandoned Bollywood, shouting 'all in on Dogecoin' in programmer groups at 3 AM, betting their 3000 rupee monthly salary on the green curve in their digital wallets;
• In Brazil, 1 in 5 people is involved in crypto, with bikini-clad women on Rio beaches discussing 'how to exchange USDT for BRL' instead of football;
• Among 20 million investors in Indonesia, housewives are exchanging 'Musk Twitter keywords' outside mosques, while a Jakarta fried rice stall displays a Bitcoin payment code.
The logic of today's youth is wild: while their parents study fund dollar-cost averaging, they play 'leveraged skydiving'; traditional finance talks about 'value investing,' but they believe 'consensus is value.' Some earn study abroad fees from their New Year money, while others mine in their dorms using graphics cards, setting 'Musk tweets' as their alarm clocks—not that they don't understand risk, but rather that they prefer the thrill of doubling their money in 72 hours over a 30-year mortgage script.
Yet, hidden beneath the revelry are hidden reefs: when the crypto world shifts from 'geek toys' to a national casino, the 500 million betting may not be on financial freedom, but rather on a digital version of 'Monopoly.' Some win sports cars, while others lose tuition fees, and on the blockchain ledger, only rises and falls are recorded, never tears.