Lawyer Says Selling Bitcoin Is Fraudulent

Attorney Li Dahe of Weibo Da V said in a reply to Bitcoin investors on Weibo yesterday that bitcoin transactions in China have been designated as illegal fundraising and have long been banned. Nowadays, the so-called bitcoin trading is largely in the name of virtual currency transactions, and the practice of illegal fundraising and online fraud. When you buy bitcoin, you are deceived; when you sell bitcoin, you deceive someone, of course, you are suspected of breaking the law. It is reported that the investor bought and sold bitcoin on the OKEX exchange on the 17th, was subsequently frozen by the Interpol detachment of the Hefei Public Security Bureau, and was accused of "trading bitcoin as an illegal crime." Since then, the Weibo Da V has been ridiculed by netizens for his remarks, thinking that he lacks conventional legal knowledge.