THE risks And prevention issues of currency speculation, a must-read FOR newcomers to the currency circle!1. Is currency speculation illegal?The Civil Code stipulates the protection of virtual property. The original text is as follows: Article 127 of the "Civil Code of the People's Republic of China" stipulates: Where the law has provisions for the protection of data and network virtual property, those provisions shall prevail.In other words, your coins are held legally and are not illegal. However, if you use it to commit fraud or other illegal activities, it is absolutely illegal.2. Are deposits and withdrawals illegal?What is clear is U Commercial’s illegal behavior. The original text is as follows: Notice on Further Preventing and Dealing with the Risks of Speculation in Virtual Currency TransactionsThose people on the Internet who train U-business people or recruit you to become U-business people are all there to bring you into this industry. However, the vast majority of U-businessmen are actually engaged in money laundering activities, which is very dangerous. Once caught, they may be sentenced to more than a year in prison. For personal deposits and withdrawals, there is no problem as long as black money is not involved. As for the specific method of how to withdraw money, we will not discuss it in detail here.3. Is mining illegal?Properly illegal, knowledge about the illegal nature of virtual currency “mining”4. Coin issuance is suspected of illegal fund-raising, which is 100% illegal!Coin issuance is suspected of illegal fund-raising, which is illegal. For details, please refer to: Authoritative release - Supreme People's Court of the People's Republic of China. If this country has clear regulations, there will be no dispute. As for the scammers, they are using the slogan that web3 will change the world and the metaverse will change the future. For those who commit fund-raising fraud, ask them to explain it to the Supreme Court. I can't be too talkative here.Of course, some of them are mining under the guise of mining, selling mining machines, etc., which is essentially illegal. Every one of them will be arrested. I won’t go into details here.To sum up, domestic currency speculation is not against the rules. To be precise, it belongs to a gray area. You must take risks at your own risk and improve risk prevention!Click on the avatar to follow Lao Xu. Let’s exchange bull market strategies and share them for free. You read that right. It’s free.

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