Stuck in the dilemma of frozen USDT trading card? This can not only unfreeze the card but also avoid risks!
1. How to operate legally and safely?
If you have made a fortune in cryptocurrency trading, but are worried that withdrawing cash to a mainland bank card will trigger freezing monitoring, don't worry, there are still legal and safe ways to withdraw.
You can choose a legal e-wallet like BiyaPay, transfer USDT from the exchange to BiyaPay, convert it into US dollars 1:1, and then withdraw it to a compliant bank account. For example, withdrawing to Bank of China or Alipay through Wise is fully in line with regulatory requirements.
Kraken Exchange also supports withdrawing USDT to a legal bank account in the UK, with clear capital flow and simple operation.
Withdrawing through these compliant channels can avoid the risk of bank cards being frozen, and there is no need to worry about being mistaken for illegal capital flow.
2. How to unfreeze a bank card?
In case a bank card is frozen, the first step is to stay calm and actively communicate to resolve it. You can take the following steps:
Provide transaction evidence: For example, provide complete transaction records, chat records, etc. to prove that your transaction is legal.
Prove your innocence: If necessary, you can provide proof of legal income sources to ensure the legality of the flow of funds.
Rational communication: When communicating with the public security organs, try to avoid emotional expressions, clearly explain the impact of the freezing of bank cards on your life and work, and show relevant evidence.
3. Why was it frozen?
Since 2020, the state has strengthened supervision of virtual currency transactions, especially stablecoins such as USDT, which have become a "tool" for illegal capital flow due to their strong liquidity and stable prices. Therefore, it is not accidental that many people's bank cards are frozen after buying and selling virtual currencies.
But in fact, freezing bank cards does not necessarily mean that there is a criminal act. In many cases, it is just because the bank triggers anti-money laundering monitoring. In order to avoid encountering similar problems in the future, everyone needs to understand the potential risks.
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