Exchanging RMB for USDT will reduce foreign exchange reserves. If cryptocurrencies are allowed, they might just disappear directly 😅. What they are afraid of is this.
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币圈小侯
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Regarding this news, many people are criticizing it. In fact, the country has always protected the interests of the majority, allowing ordinary people to live and work in peace. A small number of people can make money, but the majority cannot.
I have a deep understanding of these accounts. When I first entered the cryptocurrency space, I saw advertisements from these people, false promotions, and exaggerated facts. More seriously, they colluded with market makers to exploit retail investors. For example, when I first entered the space, the person who brought me in told me that a new account could earn 1000 USDT for completing a task, requiring me to fill up the earnings. As a result, I generated a total trading volume of hundreds of thousands with two accounts, but both accounts were subject to risk control by BG. Not only did I not receive the promised rewards, but even the 5 USDT for new users was also subjected to risk control, resulting in a direct loss of over 300 USDT for both accounts.
There are also many so-called masters who go to great lengths to earn referral rewards and commissions, never mentioning the risks and losses. If a young person can make a comeback, they have the ability to earn it back. However, for many ordinary people, this kind of false promotion can lead to bankruptcy.
The cryptocurrency space still has a long way to go before it can be accepted and popularized by ordinary people.
I have a deep understanding of these accounts. When I first entered the cryptocurrency space, I saw advertisements from these people, false promotions, and exaggerated facts. More seriously, they colluded with market makers to exploit retail investors. For example, when I first entered the space, the person who brought me in told me that a new account could earn 1000 USDT for completing a task, requiring me to fill up the earnings. As a result, I generated a total trading volume of hundreds of thousands with two accounts, but both accounts were subject to risk control by BG. Not only did I not receive the promised rewards, but even the 5 USDT for new users was also subjected to risk control, resulting in a direct loss of over 300 USDT for both accounts.
There are also many so-called masters who go to great lengths to earn referral rewards and commissions, never mentioning the risks and losses. If a young person can make a comeback, they have the ability to earn it back. However, for many ordinary people, this kind of false promotion can lead to bankruptcy.
The cryptocurrency space still has a long way to go before it can be accepted and popularized by ordinary people.
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