Purchasing Douyin coins may constitute underground exchange and violate the law. Lawyer Li Yusheng explains that using exchange points as a business and obtaining profits may constitute underground exchange and violate the law and other relevant regulations.

Purchasing Douyin coins may constitute underground exchange and violate the law│Dongsen News reporter Zhao Yiji

News link:https://youtu.be/ty5UrNtvybw

Li Yusheng, a lawyer at Fidelity Law Firm, said: Since there are still some ways to exchange Douyin coins into cash, if people in Taiwan give New Taiwan dollars to buy Douyin coins, and then convert Douyin coins into RMB in the mainland, if If you engage in this kind of business for a long time and gain profits from it, you will most likely be deemed to be engaged in underground exchange, and there will be relevant penalties.

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