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Is it legal to speculate in foreign exchange?
Lawyer analysis:

At present, China's laws have not listed foreign exchange speculation as an illegal or illegal object, that is to say, individuals are not prohibited from participating in foreign exchange transactions, so foreign exchange speculation has become a blank in China, which is neither legal nor illegal. In foreign countries, it is indeed legal to speculate in foreign exchange. There are also securities regulatory agencies similar to China, such as the Futures Association of the United States and the Financial Supervisory Authority of the United Kingdom, which all supervise foreign exchange platforms to ensure their safety and legitimacy. Therefore, domestic investors can participate in foreign exchange transactions, but they must choose a supervised foreign exchange platform to ensure their property safety. Since this platform has closed down or violated the law, investors' property is standardized and safe.

Legal basis:

criminal law

Article 225? Crime of illegal business operation

Whoever, in violation of state regulations, commits one of the following illegal business operations and disrupts the market order, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined not less than one time but not more than five times the illegal income; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years, and shall also be fined not less than one time but not more than five times for illegal gains or confiscation of property:

(a) operating a franchise or monopoly commodity or other commodities whose operation is restricted by laws and administrative regulations without permission;

(2) buying and selling import and export licenses, import and export certificates of origin and other business licenses or approval documents stipulated by laws and administrative regulations;

(three) without the approval of the relevant competent departments of the state, illegally engaged in securities, futures, insurance business, or illegally engaged in fund payment and settlement business; (four) other illegal business activities that seriously disrupt the market order.