Brothers, it will be difficult to take money out of Hong Kong in the future. You can take a maximum of 20,000 at a time. It's getting harder for us in the cryptocurrency space!

Recently, the cryptocurrency scene in Hong Kong has been very lively! The virtual currency market in Hong Kong was previously booming, like a big piece of meat attracting many people. Friends from the mainland have been flocking there, all thinking about turning their cryptocurrencies into real money.

As the number of people increased, the number of those wanting to liquidate their cryptocurrencies also grew. The Hong Kong customs saw this and immediately issued a new regulation. This has put mainland investors in a tough spot.

According to the Hong Kong Wen Wei Po, now when mainlanders convert virtual currencies into cash in Hong Kong, they can only bring back a maximum of 20,000 RMB each time. Whether you are taking cash directly or trying to settle using other means, if it exceeds this amount, forget about smoothly bringing the money back to the mainland.

Once this regulation was released, the impact was significant. Hong Kong was previously a major hub for global cryptocurrency trading, with loose policies and an active market, making it a favorite place for trading. But now that the new regulations are out, its status as a trading center may no longer be secure. Many investors, especially those who engage in large trades and have substantial funds, suddenly find their capital turnover disrupted.

Previously, Hong Kong had a favorable policy environment for cryptocurrencies, and everyone was enjoying it. Now, however, this new regulation is like a hurdle, blocking some people from getting their money back to the mainland. So during this time, everyone is brainstorming ways to circumvent this restriction, almost racking their brains.

Brothers, don't forget to hit follow! Dao Ge talks daily about the trends of common cryptocurrencies and popular altcoins. Especially the recently very popular Musk Doge PP, which currently has a low market value but great potential for growth, at least a tenfold increase is possible. Everyone must pay attention!