1️⃣ Virtual currencies do not have the status of legal tender, and related financial activities are not protected by law. So, trading or buying crypto as an individual is not illegal, but it goes against public order and good morals. The risks are your own responsibility. If something goes wrong, don’t look to the government. 2️⃣ Trading or holding crypto itself is not illegal, and making a profit is your own skill. But it must be purely trading crypto. If it involves illegal fundraising, money laundering, aiding cybercrime, or illegal business operations, that’s a different story.