"Arbitrage in Digital Money Brick Moving, Beware of Legal Risks from Forex Round-Tripping" (Authors: Rao Weitong, Hu Yiming) A certain law firm points out that "brick moving arbitrage" in digital money may involve covert exchanges between Renminbi and foreign currencies, potentially constituting "disguised forex trading" under illegal business operations. Typical models include "Receiving U to Exchange for Fiat" and "Round-Tripping Transactions", essentially using digital money as an intermediary to circumvent forex controls and disrupt financial order.

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📅 Event Period
August 11 – 20, 2025
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