Lawyers remind Stablecoin investments need to be legal and compliant.

In the current foreign trade business, more and more merchants are paying attention to using stablecoins for cross-border payments. "It is definitely not feasible to use virtual currency for cross-border payments in China," emphasized Zeng Jie, Senior Partner of Guangqiang Law Firm and Director of the Illegal Fundraising Case Defense and Research Center. Recently, relevant departments in Shenzhen and Beijing have also issued risk warnings: beware of illegal fundraising activities disguised as stablecoin transactions. In addition, regarding the "buying U and selling U" transactions, Zeng Jie believes that it is actually a qualitative issue related to virtual currency trading itself. If a citizen's personal virtual currency trading investment complies with public order and good customs, and is only a personal investment transaction without engaging in related business activities, the transaction itself is protected by law as a trade of virtual goods.