$PIPPIN this time is a redefinition of Virtual Money,
The strict regulatory guillotine has fallen again, The gray area of virtual money in our country is being suppressed. The current view is that any business related to Virtual Money is clearly defined as illegal. Even "stablecoin" has been defined for the first time. The risks of its use for money laundering and illegal cross-border fund transfers are being closely monitored. In the future, whether it is hype on the table or trading in the underground in the country, will face a more precise encirclement by multiple departments, Individuals involved face not only huge risks of losing all their investment but may also be suspected of illegal activities.
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$PIPPIN this time is a redefinition of Virtual Money,
The strict regulatory guillotine has fallen again,
The gray area of virtual money in our country is being suppressed.
The current view is that any business related to Virtual Money is clearly defined as illegal.
Even "stablecoin" has been defined for the first time.
The risks of its use for money laundering and illegal cross-border fund transfers are being closely monitored.
In the future, whether it is hype on the table or trading in the underground in the country,
will face a more precise encirclement by multiple departments,
Individuals involved face not only huge risks of losing all their investment but may also be suspected of illegal activities.