Cryptocurrency trading is considered illegal fundraising when four conditions are met — public fundraising, unspecified fundraising targets, promising returns on capital and interest, and if activities violate laws and regulations. Illegal funding raising over 50 million yuan (US$7,913,645) or from 5,000 people or causing direct losses of 25 million yuan to donors can lead to a prison sentence of more than 10 years. More info: https://bit.ly/3Hn7aaa