Hong Kong's New Regulations on Cashing Out Virtual Currency: Mainland Investors Face Cash Carrying Restrictions

Recently, the Hong Kong virtual currency market has attracted a lot of attention from investors, especially from mainland investors, who are cashing out virtual currency through Hong Kong channels. However, with the increase in cashing out demand, Hong Kong Customs has also issued new cash carrying restrictions, causing many investors to face difficulties.

According to reports from Hong Kong's Wen Wei Po, mainland investors who cash out virtual currency in Hong Kong are subject to a new customs regulation: the maximum amount of RMB that can be carried by each person each time is 20,000 yuan. In other words, whether in cash or through other means of settlement, any amount exceeding this limit cannot be smoothly brought back to the mainland. The introduction of this regulation undoubtedly impacts Hong Kong's status as a virtual currency trading center and has left many investors feeling troubled regarding capital flow.

Although Hong Kong is one of the world's major virtual currency trading platforms, offering a more relaxed policy and market environment, this new regulation may restrict the capital transfer of some investors, particularly those involved in large transactions. Thus, finding ways to circumvent this restriction has become one of the focal points in the recent virtual currency market.

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