2026-01-09 01:22:39

$BTC $ZEC $XRP Is playing on your own really safe? A recent judicial case has clarified this issue.

The key point is very clear: buying and selling coins on your own, holding them—this kind of activity is basically tolerated by the law. But beware of the trap: do not get involved with "virtual currency exchange intermediaries." Two seemingly similar operations can have vastly different legal consequences.

The Shanghai court's new ruling details the situation thoroughly. To put it simply: on one side, individual traders bear the risk themselves, and the law recognizes this; on the other side, OTC traders and intermediaries who buy and sell on behalf of others—if you knowingly assist in converting funds with illicit sources (such as illegal foreign exchange, money laundering, etc.), your role becomes that of a "co-conspirator."

What does this mean for the entire industry? Gray areas like matching platforms, coin-to-coin exchange services, and cross-border arbitrage are now facing increased risks. Many still naively think it's just "helping out a little," but once the money chain gets involved in illegal activities, the entire intermediary process becomes a tool for crime. The core legal concerns are twofold: whether you are aware of the situation and whether you actively facilitate it.

In plain terms, current regulation is mainly targeting "underground foreign exchange" and "cross-border fund transfers." Ordinary retail investors holding coins or small-scale transactions are still in a relatively safe zone, but once your role shifts to that of a "fund transfer station," you cross the red line.

Friends still engaged in virtual currency exchange businesses should now conduct a serious self-inspection. The regulatory environment has shifted, and the law has zero tolerance for borderline financial services. It’s really not worth risking yourself for a few transaction fees.

Honestly: next time you exchange coins, will you proactively verify the source of the other party’s funds? This is a question every participant should consider.

BTC-0,29%

ZEC-2,57%

XRP-0,53%

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MevShadowranger

· 01-11 19:43

Oh no, OTC traders really need to be more cautious now. Willfully violating this law is not taken lightly at all.

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GateUser-c802f0e8

· 01-11 16:08

Damn, did we really cross the line this time? Can't do OTC anymore?

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ParallelChainMaxi

· 01-11 02:52

Wow, now it's clear. Retail investors holding coins is fine, but acting as an intermediary is playing with fire.

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SingleForYears

· 01-09 01:52

Uh... so holding coins is fine, but once you become an intermediary, you're automatically an accomplice? That's some legal logic right there.

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LeverageAddict

· 01-09 01:51

Oh no, the intermediaries are really panicking now. Knowing full well that intentional misconduct makes them accomplices, this line is drawn so clearly that retail investors just win passively.

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IfIWereOnChain

· 01-09 01:47

Hmm, now I finally understand. Retail investors holding coins is fine, but once they become intermediaries, they're playing with fire.

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BasementAlchemist

· 01-09 01:47

Really, some people are still doing OTC trading. Thinking about it now, it's really quite risky. --- Retail investors just hold coins, don't try to profit from flipping; it's easy to get into trouble. --- That's why I never help others exchange coins. Knowing it’s risky and still doing it—that's just foolish. --- After seeing this case, I feel I need to be more cautious in the future; I might become an accomplice otherwise. --- So, just be a quiet holder of coins, don’t worry about that small fee. --- The key is the word "knowingly"; that's probably what the law is scrutinizing. --- Cross-border arbitrage is now like playing with fire; who dares to touch it anymore? --- So it turns out personal transactions are so safe, now I can confidently hold coins.

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HallucinationGrower

· 01-09 01:43

Damn, OTC really needs to be more cautious. One misstep and you go from player to accomplice. It's too risky. --- It's fine for retail investors to hold coins themselves, but acting as an intermediary is like walking a tightrope with risks exploding. --- Basically, don't touch those funds of unknown origin. No matter how small the fee, it's not worth it. --- This court ruling in Shanghai is a wake-up call for the entire industry. The gray areas now have little to no room for operation. --- I just want to know how many people are unknowingly doing "helping" and are actually crossing the line. --- For regular coin holding, it's not a big deal, but if you really start OTC trading, you need to watch the source of funds carefully. --- Now, even when exchanging coins, you have to ask, "Where did this money come from?" Otherwise, you're digging your own grave.

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ChainBrain

· 01-09 01:42

Damn, as soon as this case law came out, I knew how many people would get into trouble. The OTC folks can’t show off anymore.

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SmartContractPhobia

· 01-09 01:37

Damn, once again just a "little favor" to get in, this precedent really hit the bell...

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