🚨 Is buying and selling Bitcoin personally illegal?
In simple terms, buying and selling Bitcoin personally is not illegal. You can freely purchase USDT, and no one will arrest you; similarly, selling USDT is also fine, unless it involves illegal funds.
The key point is that when you sell coins, if you receive payment via bank card, and the amount received is 'dirty money'—that is, funds involved in illegal activities—then you could potentially violate the law.
In fact, there is no law that explicitly prohibits buying and selling Bitcoin. The announcement on September 24 is merely a reminder that digital currency transactions are not protected by law, and profits and losses are borne by the individual. Therefore, normal buying and selling behavior is not illegal in itself. The issue arises from whether you received illegal funds; if the police trace it back to you and you cannot prove that the source of the funds is legitimate, it could involve legal issues.
In short, the illegal aspect mainly lies in whether the funds are clear when you receive payment via bank card. If you are merely an innocent victim and can prove your innocence, you typically will not face serious legal consequences, at most losing some money, and you won’t end up serving a long prison sentence.
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