Illegal operation of foreign exchange, under any of the following circumstances:
1. buying and selling foreign exchange outside designated foreign exchange banks and China foreign exchange trading center and its sub-centers, with an amount of more than US$ 200,000 or an illegal income of more than RMB 50,000;
2. The amount of foreign exchange fraudulently purchased through intermediaries is more than one million dollars or the illegal income is more than 100,000 yuan.
Engaged in other illegal business activities, under any of the following circumstances:
1, the amount of personal illegal business is more than 50,000 yuan, or the amount of illegal income is more than 1 10,000 yuan;
2. The illegal business operation amount of the unit is more than 500,000 yuan, or the illegal income amount is more than100,000 yuan;
3, although not up to the above amount standard, but within two years due to the same kind of illegal business behavior by administrative punishment for more than two times and the implementation of the same kind of illegal business behavior.
To sum up: At present, China is gradually in line with international standards, the country is becoming more and more open, and a lot of foreign currency flows into China. Many people illegally buy and sell foreign exchange to make money, which is against state regulations.
Legal basis:
foreign currency regulations
Article 45
Buying and selling foreign exchange without permission, buying and selling foreign exchange in disguised form, buying and selling foreign exchange in reverse, or illegally introducing and selling foreign exchange in a large amount, shall be given a warning by the foreign exchange administration organs, the illegal income shall be confiscated, and a fine of less than 30% of the illegal amount shall be imposed; If the circumstances are serious, a fine of not less than 30% of the illegal amount but not more than the equivalent value shall be imposed; If a crime is constituted, criminal responsibility shall be investigated according to law.