I've made a lot of money in the cryptocurrency space. If I withdraw, will the bank question the source of the money?
If the amount is too large, they will definitely ask. I have been asked three times.
I initially traded on BitChina, but that platform is gone now. Back then, Bitcoin was only 2500. I was doing e-commerce and happened to have a lot of cash on hand.
Later, I didn’t expect it to rise directly to over 7000, and I withdrew funds. At that time, the regulations were not strict, and the bank still asked. I received a call, and they asked all sorts of questions, chatting for a long time about my fields, how many cows I had, my surname, my name, where I came from, and where I was going, just a lot of nonsense.
In the end, they popped the question: 'Sir, we have a very good financial product that you might consider...' I was completely dumbfounded.
After that, they were not so polite anymore. I heard there were a lot of cases of frozen accounts, so I took many precautions. In recent years, my account has only been frozen once. I just had to go to the counter to unfreeze it.
In summary, as long as you don’t touch USDT, there shouldn’t be any issues. There’s a lot of dirty money involved. Funds must cool down. Another thing is it's best to convert to dollars, and then remit the dollars directly to a foreign currency account. This is the best way. Because it has already detached from the Chinese financial system, and the domestic and foreign financial systems are isolated, there are additional profits during the dollar appreciation cycle. I’ve made large withdrawals over a dozen times without any issues. I can also spend overseas directly.
Here's a secret for everyone: foreign trade company accounts can bypass foreign exchange control bugs. So, acquiring a mature foreign trade company makes trading cryptocurrencies much easier.
For friends who are currently trading without direction, if you don't have a good circle or first-hand information from the cryptocurrency space, then I suggest you follow me, find me, and let this bull market help you get on board. Welcome to join the team!!!
