I have made a lot of money in the cryptocurrency circle. If I withdraw cash, will the bank ask about the source of the money?
It is already 2023, and Hong Kong is basically legal. As long as your U comes from a legitimate source, you can go to Hong Kong to withdraw it. There are offline exchanges there. You can transfer U to them and they will give you cash. Take the cash to the bank to open a bank card of the Bank of China in Hong Kong and deposit it (free card opening). Basically, you will not receive black money! And it is very convenient. The round-trip airfare to Hong Kong is only one or two thousand yuan.
I went to Hong Kong to experience it in July last year. The process was smooth. One Hong Kong dollar was one thousand yuan, and ten thousand yuan was only 10 bills. You can just put it in your pocket and leave smoothly! It should be the best and most convenient withdrawal channel I think at present.
There are many exchanges like this, and they are based on the real-time exchange rate. No handling fee!
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