🚨 The central bank has not introduced new policies this time! The core is still to reiterate the old rules of 94+924, and the key conclusion is stated clearly:
Personal cryptocurrency trading is not illegal! Using bank cards for deposits and withdrawals at most counts as a violation, but it is not illegal at all!
First, let's clarify the two core policies:
In 2017, the 94 policy had already set the tone - cryptocurrencies are called virtual currencies, and essentially they are virtual goods with only commodity attributes and no currency attributes. Our only legal currency is the Renminbi, and it absolutely cannot be used as money;
In 2021, the 924 policy implemented a one-size-fits-all control - foreign cryptocurrency companies are not allowed to operate for domestic users, and domestic institutions/individuals are also prohibited from working for these companies. At the same time, banks are forbidden from providing payment settlement for virtual currency transactions.
It is important to clarify the deposit and withdrawal:
The central bank is neither a legislative nor a law enforcement agency; its regulations are binding requirements, not legal texts. Using bank cards for cryptocurrency trading for deposits and withdrawals at most violates the central bank's regulations. The bank may only suspend your card number, which is not targeted at individuals. Reissuing a card has no significant impact, and the bank's anti-money laundering department also tacitly acknowledges: there is no way to stop you from doing this~
Next, let’s define the red line for crimes:
All those caught for deposits and withdrawals related to cryptocurrency trading have nothing to do with cryptocurrency trading itself! They are either suspected of money laundering, illegal currency exchange, or the crime of aiding (knowingly handling funds involved in criminal or fraudulent activities). Purely personal cryptocurrency trading and simply using bank cards for deposits and withdrawals will not lead to a conviction!
Finally, let's emphasize again: personal cryptocurrency trading is not illegal! Using bank cards for deposits and withdrawals is a violation but not illegal, don't let anxiety lead you astray~ #合规监管 #市场分析 $BTC
