⚠️⚠️Completed!! The mainland is about to start regulating the cryptocurrency market, hoping there won't be a storm ahead!
Recently, there has been a severe crackdown domestically! In simple terms, any activities related to virtual currencies are considered illegal financial activities, and trading digital currencies is not protected by law, meaning that so-called evidence will no longer be accepted by the courts.
This doesn't have a big impact on people in the crypto circle, but it is significant for those who want to enter the crypto space! On one hand, it's become very difficult to convert RMB to USD, and on the other hand, if you're not knowledgeable, it will be hard to cash out, and a slight misstep could lead to legal issues!
The central logic behind these actions in the mainland is the continuous conversion of legal currency into USD, regardless of whether it's legitimate or not, it keeps flowing out! Honestly, one should think about why this is happening; is there no problem on their part? Sigh!
In the future, brothers should approach related matters with caution. In September 2017, a serious mistake was made, and even now, a superficial remedy is being applied; it's hard to express, let's see how things unfold.
In the face of major trends, any group acting against the tide is like an ant trying to stop a cart; they will only bear the consequences, but sadly, the ones who always bear the consequences are the common people!
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