No new policies were announced this time, merely reiterating the 2021 924 policy and the 2017 94 policy.

First, let's state the conclusion: personal trading of cryptocurrencies is not illegal, and using bank cards for deposits and withdrawals is not illegal, although it may be a violation of regulations.

In 2017, cryptocurrencies were named virtual currencies and classified as virtual goods. Virtual currencies are not legal tender, as the only legal currency in our country is the Renminbi; virtual goods only possess the attributes of objects, not those of currency.

In 2021, all businesses in the web3 industry were cut off, prohibiting foreign cryptocurrency companies from operating for domestic users, and prohibiting domestic institutions and individuals from serving or working for foreign cryptocurrency companies. At the same time, banks and other financial institutions were also prohibited from providing payment and settlement services for virtual currency transactions.

In conclusion, currently, holding and trading cryptocurrencies personally is not illegal, but it is prohibited to use bank cards for deposits and withdrawals. Cash can be used instead; otherwise, it is a violation but not illegal. A violation is against the regulations of the central bank, but the central bank is neither a legislative body nor an enforcement agency. Even if there is a violation, the central bank can at most suspend your bank card, and the suspension is targeted at the card number, not the person. You can cancel the card and reapply without being affected. According to the bank's anti-money laundering department, "I cannot give you this advice to cancel the card and reapply, but if you choose to do so, we cannot stop you."

In addition, all those convicted related to deposits and withdrawals are due to three reasons: first, money laundering; second, illegal currency exchange; third, aiding and abetting knowing that it involves black and fraudulent funds (.

Finally, it is emphasized again that individual trading of cryptocurrencies is not illegal, and using a bank card for deposits and withdrawals is not against the law.