It’s really a big disadvantage to speculate in currencies in China, because the domestic legal environment is not friendly to the currency circle in the first place.

In China, the legitimate rights and interests of individuals in the currency circle are definitely not protected by law. Therefore, in China and in the currency field, any legitimate personal interests will not be supported and protected by the law, and any illegal behavior will be punished by the law.

Suppose you have one hundred Bitcoins. Your holding of one hundred Bitcoins is your personal behavior. The law will not protect you if it is lost, nor will it protect you if it is stolen. However, if you want to cash out one hundred Bitcoins, you will face various risks. The biggest risk is the risk of receiving black money or being cheated during the cashing process.

In summary, in the field of cryptocurrency, we have never won externally and we have never lost internally.

The law does not prohibit you from speculating in coins, but it prohibits you from providing you with all services for speculating in coins. The law does not prohibit you from holding a certain currency, but it does prohibit you from providing you with various services for cashing out. In China, if the exchange steals your money, it will be in vain, and there will be no place to protect your rights. In the cryptocurrency financial war, at least for now, China has lost the initiative. Who knows what will happen in the future.