Why is there another meeting now? Why is the pressure greater? The newspapers say "influenced by various factors", it's not an empty phrase. In other words, it's likely that the reason is: The international market is again "making trouble": It is possible that recently the prices of bitcoin and other virtual currencies have again experienced significant rises and falls, such sharp fluctuations easily attract the attention of ordinary people and give fraudsters the opportunity to "harvest". Fraud is increasing, tricks are changing: Earlier frauds may have been simpler, now they can be wrapped in new, sophisticated concepts like "DeFi (decentralized finance)", "metaverse", "mining 2.0", etc., making it harder for ordinary people to distinguish and making them easier to deceive. Channels for capital outflow: Some people are trying to transfer money out of the country through virtual currencies, which seriously threatens the state's management of the foreign exchange market. The state will definitely cut off this route. Simply put: It's not that the state is looking for problems, it's the "enemy" that is changing, and our defensive strategies must also be updated! How will it be specifically intervened? You might not even guess it! Don't think that intervention is just about blocking a few apps, this time it's a "comprehensive intervention": 1. Stopping payments: Control of Alipay, WeChat, bank cards, every platform that provides top-up and withdrawal services for trading in virtual currencies will be checked. Whether you have money or not, you won't have access to it, nor will you be able to withdraw it. 2. Blocking channels: Programs to bypass censorship? "Wild" apps in app stores? Websites, WeChat groups, QQ groups used for trading and promotion? We will block every one we find so that they offer you no paths. 3. Revealing backgrounds: Previously, interventions may have only targeted platforms, now no company or individuals providing technical services, server rentals, and promotion to these platforms will be spared. Responsibility will be traced throughout the entire chain. 4. Arresting typical cases: Police, courts, prosecutors have come, clearly indicating: Not only will there be investigations, but there will also be arrests and convictions! A series of major cases will definitely be published to deter criminal elements and warn ordinary people. It is said that a thousand words capture the essence of the matter: In the country, any form of trading in virtual currencies (buying, selling, as a means of payment) is not protected by law and the risk is extremely high. Do not trust "big players": Those teachers who show profit charts in the group and give instructions are 99.9% those who are waiting for you to enter the market to take over their losses. Do not touch "domestic" platforms: Any platform that claims to still operate in the country is breaking the law and can disappear at any time, your money is like mass pies for dogs. Be careful of the "high yield" trap: Anyone promising capital and interest security, guaranteed profit, is a classic introductory phrase of a "sucker punch" type scam. Understand the essence: For the vast majority of people, virtual currencies are not an investment, but naked speculation or even gambling. You focus on small profits, they focus on your capital. The signal of this meeting is clear – the state's decision to intervene against speculation in virtual currencies has not changed, and the measures will be even more drastic, more complex. We ordinary people should just watch the fun and definitely not jump into this fiery pit. Protect your wallet, that is the most important thing!
