If you make 10 million through cryptocurrency speculation, is it considered a crime of having huge property with unknown sources? According to domestic laws, it might be, especially if you directly transfer funds from an exchange to a domestic bank account. However, there are alternative methods you can use.
In many foreign countries, speculating in cryptocurrencies is a legal investment activity. Don’t be intimidated by those who claim you'll be arrested for withdrawing money; they might just be trying to take advantage of you.
Here are two legal ways to manage your funds:
1. Withdraw USDT from the exchange to Biyapay, an e-wallet licensed in the United States. You can legally convert USDT to USD at a 1:1 rate on Biyapay, then transfer the USD to Wise or OCBC Bank. Be aware of handling fees and exchange losses. With Wise, you can transfer funds back to Alipay, WeChat, or the Bank of China, but there's an annual limit of $50,000. With OCBC, you can use the 360 account’s physical card to withdraw cash in China, without the $50,000 limit, though there are still fees and losses.
2. Withdraw USDT from the exchange to Kraken, a UK-licensed platform, and transfer from Kraken to iFAST UK Bank. Both methods ensure your funds are legal and traceable as clean bank funds.
While there are handling fees and exchange losses, remember that these are reasonable service fees to ensure the legality of your funds. Embrace the complexities of the process—they serve as a threshold to ensure only knowledgeable individuals navigate these waters effectively. Your understanding and abilities should align with your legal income.
I need followers, and you need guidance. It’s better to stay informed than to make guesses. Follow for more insights.