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Why is it illegal to speculate in dollars?
National laws and regulations

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.