How to buy and sell ESib coins (sero currency exchange)

Is virtual currency trading illegal?

1. Is virtual currency trading illegal?

1. Whether virtual currency trading is illegal depends on the situation:

(1) For the general purchase and sale of virtual currency, it is legal;

(2) However, if the parties use virtual currency to engage in illegal activities, it is an illegal act and will be punished.

2. Legal basis: Article 225 of the Criminal Law of the People's Republic of China

[Illegal Business Crime] Anyone who violates national regulations and commits one of the following illegal business behaviors, disrupts market order, and if the circumstances are serious, shall be sentenced to five years The following fixed-term imprisonment or criminal detention, and concurrently or solely a fine of not less than one time but not more than five times the illegal income; if the circumstances are particularly serious, shall be sentenced to not less than five years in prison and a fine of not less than one time but not more than five times the illegal income, or confiscation of property:

(1) Operating franchises, monopoly items or other restricted items stipulated in laws and administrative regulations without permission;

(2) Buying and selling import and export licenses, import and export certificates of origin, and other operations stipulated in laws and administrative regulations License or approval document;

(3) Illegal operations of securities, futures, insurance business, or illegal fund payment and settlement business without approval from relevant national competent authorities;

(4) Other illegal activities that seriously disrupt market order business behavior.

2. What are the constituent elements of the crime of illegal business? The constituent elements of the crime of illegal business are as follows:

1. The object of the infringement is the market order;

2. The subjective aspect is intentional and has the purpose of seeking illegal profits. ;

3. The objective aspect is the unauthorized operation of franchises, monopoly items or other restricted items, buying and selling import and export licenses, etc.;

4. The subject is a general subject.

shib plummeted, have you ever bought virtual currency?

I have, and when SHIB was listed on an exchange this time, I also participated.

For those who don’t pay attention to virtual currencies, the virtual currency SHIB may be a bit unfamiliar, because it is originally an altcoin, which is an air currency imitated from Dogecoin. This time I also invested in SHIB. There was some floating profit in my account, but later I suffered a small loss because I did not stop the profit in time.

Let me first talk about the SHIB crash.

Around May 12th, SHIB was listed on an exchange. Originally, the price of SHIB was around 0.000009. On the day it was listed on the exchange, it rose to 0.00038 in just a few hours. Some people who bought earlier may have increased the price by about 40 times. For those who bought later or even chased the high, they may have been miserable. Some people even bought at a high of 0.00038. In the short term, the account losses of these people can reach at least 20%.

I buy virtual currencies all the time.

My purchase of virtual currency is not a big investment, but a small entertainment activity. I have bought Bitcoin before, of course in very small amounts, and later also bought Dogecoin and Ethereum. It can be said that it is the bull market of virtual currency now, and it can also be said that it is the second half of it. To a certain extent, there are many so-called animal coins in the virtual currency market. These animal coins are all altcoins without exception, and there is a great risk of zeroing out.

I think it’s best for ordinary people not to play with virtual currencies.

This principle is actually very simple, because it is difficult for ordinary people to grasp the fluctuations of virtual currencies, and virtual currencies may reach more than 50% floating profits and losses in just one minute. As the saying goes, one thought is heaven and one thought is hell. I think most people who invest in virtual currencies will lose money. After all, not everyone can hold it for a long time. Even if a person can hold it for a long time, it is difficult to guarantee that this virtual currency will not return to zero later.

Is it illegal to trade virtual currencies? How to deal with it

Legal subjectivity:

Trading virtual currencies is not illegal. It is illegal to use virtual currencies to engage in illegal activities. It is illegal to operate futures, securities, Insurance business, or those who illegally engage in fund payment and settlement business may be guilty of illegal business operations.

Objective law:

Article 225 of the "Criminal Law of the People's Republic of China" Whoever violates national regulations and commits one of the following illegal business activities, disrupts market order, and the circumstances are serious shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be sentenced to: Or a fine of not less than one time but not more than five times the illegal income shall be imposed; if the circumstances are particularly serious, the person shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined not less than one time but not more than five times the illegal income or property shall be confiscated: (1) Operating legal, administrative or legal affairs without permission Specializing in, monopolizing items or other restricted items as stipulated in laws and regulations; (2) Buying and selling import and export licenses, import and export certificates of origin, and other business licenses or approval documents stipulated in laws and administrative regulations; (3) Buying and selling without authorization Relevant national competent authorities approve the illegal operation of securities, futures, and insurance businesses, or illegally engage in fund payment and settlement business; (4) Other illegal business activities that seriously disrupt market order.

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