💥💥Regarding domestic regulation policies on virtual currency
About the U merchant withdrawal and deposit issues
If the domestic authorities begin to crack down on U merchants and cut off the source, how will they do it? The most effective method is to send a group of people to register on major trading platforms, and by trading just one U, they can know all the information about the other party, and they can directly invite them for a chat. This way, wouldn’t it be completely cleaned up?
It’s just talk, merely a facade; why hasn’t it been done? What are the pros and cons? Will it actually happen in the future? If it does, what will be the cryptocurrency circle's countermeasures?
Bitcoin is defined as a commodity; isn't buying and selling commodities legal? No need for U; just trade BTC in C2C. What impact will this have on BTC? The impact is that the existing USDT stock cannot be quickly converted to C2C, and the fastest way is to exchange U for BTC, which will drive BTC prices sky-high. People entering the crypto space will have to buy BTC first, which might further popularize BTC ownership.