But the lawyer believes that this article from the Chinese official media exaggerates the risks. In fact, before the corresponding laws and regulations are issued, the current tax system in China cannot pay taxes on cryptocurrencies.
As long as ordinary investors are not committing malicious crimes, there is no problem of violating money laundering and foreign exchange control. Read more https://t.co/Wmz5qaGnJi
The article also pointed out that ordinary investors also have the risk of violating foreign exchange controls and money laundering. https://t.co/btV7QABDHH
A previous article on the website of the People’s Daily of China’s official media stated that as long as the investment in crypto is profitable, it is necessary to pay personal income tax. But Chinese lawyers have different views on this. https://t.co/0L7VF5OPpA
A recent hot event in China: A Bitcoin future investor in China, suffered a loss of US$3 million. After killing his daughter, he committed suicide with his wife. It highlights that the popularity of futures in China has become a big casino. https://t.co/68ZYPsyZWh
When Bitcoin broke 20,000 on the evening of December 16, Binance experienced a short-term downtime and delay due to a 30-fold increase in traffic. Huobi is currently recovering.
At present, the computing power of the bitcoin entire network has also begun to decline, but it may be more of a lucky value problem, whether it is related to the lack of power, and we need to observe the average computing power of the next 7 days. https://t.co/gTA1y6yXNC
Many miners told Wu that Sichuan has imposed mandatory requirements on the crypto mining industry due to power shortages. Some mines have experienced power outages. Xinjiang also requested emergency power rationing measures. The power of Bitcoin’s network may decrease. https://t.co/uIJHvHrw66
Coinbase：The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions. Coinbase’s was valued at 8 billion. Due to the current high price of Bitcoin, the valuation may be higher or even doubled. https://t.co/50NcUIyWy9
Many users told Wu that Binance was down when Bitcoin exceeded $20,000. Binance CEO CZ said on Twitter that traffic has increased by 30 times and encountered some some scaling and latency issues. It has been fixed now and more servers need to be added in the future. https://t.co/DUhJUUcNYH