In the future, if Chinese investors buy US stocks without filing, they will face confiscation of illegal gains and fines ranging from 0.1% to 0.5% of the investment amount. However, this mainly targets institutions and companies to prevent capital outflow; personal traders' small tax amounts aren't really on their radar right now.

But in China, cryptocurrencies are classified as "virtual goods" rather than "investment assets," so this new regulation doesn't apply to them 😅$BTC