Hong Kong's new rules for virtual currency cashing out: Mainland investors face cash carrying restrictions💰

Recently, Hong Kong's virtual currency market has attracted a large number of mainland investors, and many people have cashed out virtual currency through Hong Kong channels. However, as the demand for cashing out increases, the Hong Kong Customs has issued new cash carrying restrictions, which has put many investors in trouble.

According to the Hong Kong Wen Wei Po, mainland investors face a new customs regulation after cashing out virtual currency in Hong Kong: the maximum amount of RMB that each person can carry each time is 20,000 yuan. In other words, whether it is cash carrying or other settlement methods, the part exceeding this amount will not be able to be brought back to the mainland smoothly. The introduction of this new regulation has undoubtedly had a certain impact on Hong Kong's status as a virtual currency trading center, and has also troubled many investors in capital flow.

Although Hong Kong has always been one of the world's major virtual currency trading platforms, and its policies and market environment are relatively loose, this new regulation may restrict the transfer of funds for some investors, especially those involved in large transactions. Therefore, how to circumvent this restriction has become one of the focuses of the virtual currency market in recent times.

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