1. Illegal 2. The reason why Douyin borrowing money is illegal is that it violates my country's financial laws and regulations, has not been approved and filed by the regulatory authorities, and does not have a legal financial license. In addition, Douyin borrowing money has problems such as high interest and violent debt collection, which pose a threat to the legitimate rights and interests of users.

3. Borrowing money is a financial activity that needs to be carried out within the legal framework. If you need to borrow money, it is recommended to choose a legal financial institution or platform to ensure the safety of your own rights and interests. At the same time, you should also treat borrowing behavior rationally to avoid falling into the dilemma of high interest and inability to repay.

Legally, borrowing is a legal act, but the specific situation may be restricted and regulated by local laws. Douyin, as a social media platform, provides the function of borrowing services, but whether the specific borrowing behavior is legal still needs to be judged according to local financial regulations and relevant laws.

If you need to borrow money, it is recommended that you carefully read and understand the relevant contract terms and loan agreements before engaging in any borrowing activities, and ensure that you have established a clear borrowing relationship with the other party. In addition, pay attention to protecting personal information and property security to avoid falling into illegal or fraudulent borrowing activities.

Douyin’s cash withdrawal and borrowing are formal.

Douyin’s borrowing platform is a formal borrowing platform that has been registered with the Financial Regulatory Bureau and has a legal financial license.

Douyin’s borrowing platform is a platform that provides short-term loan services. It is different from many other P2P lending platforms. It mainly provides short-term loans, while other P2P platforms may provide services for long-term loans.

Douyin’s borrowing is legal because it is a financial service provided by the Douyin platform. In fact, many businesses, including JD.com, now provide financial services such as JD.com Bai Tiao, which is actually advance consumption.

It is formal. The loan issuers on Douyin are all formal licensed financial institutions. The borrowing and repayment records will be reported to the central bank for credit investigation. It is recommended that borrowers fulfill their repayment obligations on time.