"Is USDT Trading Legal? Why Hasn't the Government Banned Tether Trading?"


Is it legal to trade USDT with others? Why doesn't the government ban Tether trading?

2023-06-02 06:49

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Release time 2023 06 02

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Is trading USDT legal? Why doesn't the government ban transactions in Tether?

According to current laws and regulations, trading USDT (Tether) is not illegal. Tether is considered a stablecoin that is tied to the US dollar, and is commonly used as a means of payment or transfer in the cryptocurrency market.

As for why the government hasn't banned Tether transactions, it may be because Tether operates outside of traditional banking systems and is not subject to the same level of regulatory oversight as other financial institutions. Additionally, Tether is not solely used for illicit activities, and banning it could potentially have negative consequences for the broader cryptocurrency market.

It is worth noting, however, that the legality of cryptocurrency in general is still a grey area in many countries and there may be changes in the future as governments continue to evaluate the risks and benefits of this new technology.

Release time 2023 06 02

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Is it legal to trade USDT? Why doesn't the government prohibit the trading of Tether?

Yes, it is generally considered legal to trade USDT (Tether), as it is a cryptocurrency that can be bought and sold on various digital exchanges. However, the legality of cryptocurrency trading can vary by country and jurisdiction, and some governments have taken steps to regulate or restrict trading in cryptocurrencies.

As for why the Chinese government has not yet prohibited the trading of Tether, it is unclear. It could be that the government is currently focused on regulating other aspects of the cryptocurrency market, or that it has not yet deemed Tether to be a significant threat to financial stability or national security. However, regulations and policies regarding cryptocurrency trading are subject to change over time.

Release time 2023 06 02

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