One main reason for this is that some U.S. stock brokerage firms have partnered this year by submitting listings.

One cryptocurrency exchange once did this, thinking it could be exempt, but ultimately was ignored.

Whether it is a U.S. or Hong Kong brokerage firm or a cryptocurrency exchange, I sincerely advise against participating in any group that has not fully expanded overseas.

The founders and executives lack the determination to completely leave the country and never return for a higher purpose.

Retail investors are the ones who suffer the losses.

Being investigated and forced to pay back taxes is quite simple; the real concern is being permanently flagged for overseas investments. Normal foreign exchange regulations prohibit individual investors from using illegal means to speculate in U.S. and Hong Kong stocks, which can easily lead to serious accusations against them later.

Anyone who has ever transferred money across borders knows that if you declare a transfer abroad for the reason of "stocks, investments, or U.S. or Hong Kong securities firm," that transaction will not be approved under the aforementioned requirements for violating the rules.

Like a tangible sword hovering in mid-air, you have hit the target, but do not know when it will fall.