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Why does China ban the circulation of virtual money?!!!!!!
Although our country restricts the circulation of virtual money, digital money itself is not illegal! It is only your source of funds in the trading process that determines whether you are illegal or not!
As a person in the crypto world, I am frustrated with the inconvenience of trading decisions! But first and foremost, I am a Chinese citizen, and secondly, an investor in the crypto world!
I reiterate that China's regulatory policy on virtual money is clear and consistent.
As for the reasons why our country prohibits virtual money, there are several explanations!
1. As a highly speculative virtual currency, Bitcoin has a volatile price and can easily lead to financial risks. Bitcoin trading can be manipulated, potentially causing losses for investors.
Bitcoin's anonymity makes it a tool for money laundering and illegal financing. Bitcoin transactions may facilitate criminal activities.
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