In China, crypto assets and related business activities are subject to strict laws and regulations. The Chinese government has clearly stipulated that cryptocurrency does not have the same legal status as legal tender, and financial institutions and non-bank payment institutions are not allowed to carry out cryptocurrency-related business. Therefore, there is no so-called “gray area”, and all unapproved crypto asset trading and issuance activities are illegal. As citizens of the People's Republic of China, we should consciously abide by national laws and regulations, stay away from any form of crypto asset speculation, protect our property security, and maintain national financial order and social stability. We recommend that you incorporate all investment behaviors into the framework of national laws and policies, and choose legal and compliant financial products for investment to ensure asset safety and legal income.