After making some money in the cryptocurrency space
I did encounter some scrutiny issues, especially when it involved larger amounts. I initially traded on the BTC China exchange platform, when the price of Bitcoin was around 2500 yuan, and I happened to have some cash on hand. I didn't expect the price of Bitcoin to quickly rise to over 7000 yuan, so I took the opportunity to withdraw my funds. At that time, regulation was not strict, and I also received inquiry calls from the bank. They asked many questions, from personal background to life details, and we talked for a long time, and in the end, they even tried to sell financial products to me, which left me speechless.
Later, I learned that when trading cryptocurrency, if you do not pay attention to the flow of funds and asset security, you may indeed encounter situations of account freezing. I also experienced a freezing incident once, but it was resolved through the counter without any issues. In summary, as long as you avoid transactions involving USDT, which may involve dirty money, you basically won't have any problems. Additionally, converting funds to US dollars and remitting through foreign currency accounts allows the funds to escape the domestic financial system, avoiding many potential risks. Moreover, the appreciation cycle of the dollar may bring additional profits, and I have successfully made several large withdrawals without encountering any troubles in the process.
Another little tip: Foreign trade company accounts can bypass some foreign exchange controls. If you can acquire a mature foreign trade company, trading cryptocurrencies and making cross-border transfers will be much more convenient.
This method not only avoids involving non-compliant operations but also ensures the safety of funds. If you are operating in the cryptocurrency space, remember to strictly scrutinize the platform and the flow of funds, and reasonably avoid risks.
In addition, you might want to pay attention to the concept of 𝒑𝒖𝒑𝒑!e𝒔 from Musk, which has quite a bit of potential, and the number of addresses is steadily increasing.
Note: The above content is only a personal experience sharing, with some content sourced from the internet, and is for informational reference only and does not constitute any investment advice. Invest cautiously and make rational decisions!