Isn't it even harder to deposit and withdraw, and there is no so-called imitation season, who would take such a big risk to play?

Everyone can stock up on some USDT, as the C2C trading on exchanges may be shut down in the future.

I looked at the main documents regarding the crackdown on virtual currencies yesterday, and for the first time, the domestic authorities have classified stablecoins. "Stablecoins are a form of virtual currency that currently cannot effectively meet customer identity verification, anti-money laundering, and other requirements, and there is a risk of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers."

Currently, domestic mining sites have been officially shut down, and exchange projects do not have physical operations in mainland China. Therefore, if regulatory bodies really decide to further crack down, it would be to shut down C2C trading. Back in 2018, Binance did not have C2C trading due to concerns over regulation, and in 2021, Binance briefly shut down C2C trading. So if regulation escalates again this time, it is estimated that it will target the C2C deposit and withdrawal channels.