wholesale accessories jewelry for resale Is it illegal to buy or sell virtual currency?

jewelry wholesale inc wesmark boulevard sumter sc Legal analysis: It is legal to buy and sell virtual currencies, but it is illegal to use virtual currencies to engage in illegal activities. If illegal operation of securities, futures, insurance businesses, or illegally engaged in the settlement of fund payment settlements without the approval of relevant state competent departments, or illegally engaged in fund payment settlement business Illegal operation. The object that violates this crime should be market order. In order to ensure restrictions on buying and selling items and import and exported items markets, the state's implementation of the business license system for items.
The legal basis: Article 225 of the Criminal Law of the People's Republic of China violates one of the following illegal business behaviors and disrupts the market order.处或者单处违法所得一倍以上五倍以下罚金；情节特别严重的，处五年以上有期徒刑，并处违法所得一倍以上五倍以下罚金或者没收财产：（一）未经许可经营法律、 Specialized, monopoly or other items stipulated in administrative regulations; (2) the business license or approval documents stipulated by other laws and administrative regulations; Those who have been approved by relevant national competent departments for illegal business securities, futures, insurance businesses, or illegally engaged in fund payment settlement business; (4) other illegal business behaviors that seriously disrupt market order.