“The police called and said your virtual currency transactions are involved in a case?
Don't panic, responding this way is both compliant and worry-free.”
“Hello, this is the police station. You have recent records of virtual currency transactions, please cooperate with the investigation.”
Upon receiving such calls, even longtime participants in virtual currency investment, “old players,” can easily fall into panic.
In fact, personal transactions in virtual currency are not illegal, and there is no need to be overwhelmed by anxiety. Remember three phrases to cooperate calmly with the investigation and avoid being innocently implicated.
First phrase, clarify boundaries and do not blindly take responsibility.
If asked about the legality of the transactions, you can respond clearly: “Personal legal virtual currency transactions are not illegal; responsibility only arises when the source of funds is unclear or involves illegal purposes.
I invest in my personal capacity, all transactions are conducted through legitimate channels, and the flow of funds is traceable.” Explaining the situation legally can reduce misunderstandings.
Second phrase, cooperate with checks more efficiently.
If the other party claims, “we need to return the funds involved in the case,” there is no need to rush to deny or argue. You can calmly state: “I am willing to fully cooperate with the investigation and can provide complete transaction records, on-chain evidence, and the flow of funds, following legal procedures throughout.”
Detailed evidence is key to clarification; emotional confrontation will only delay progress. Calm cooperation can clear up relationships more quickly.
Third phrase, clarify consequences and do not panic.
Investigation results fall into two categories: direct involvement may lead to account freezing or further processing; if it’s merely an ordinary transaction with questionable funds, most cases will only involve single card control. The key
Finally, remember the “three verifications”:
Verify the identity of the counterparty, verify the source and history of funds, verify the security of the wallet address.
Virtual currency transactions are fraught with risks, compliance is the bottom line.
Subsequently, we will break down the key points of transaction compliance and case response details, helping everyone avoid pitfalls within the compliance framework. After all, safety must come first in transactions for lasting profits. @juice13
