• I have made a lot of money in the cryptocurrency industry. If I withdraw money, will the bank ask about the source of the money?

It mainly depends on the amount, frequency, method and bank card status of the withdrawal. Generally speaking, if the cash withdrawal amount is small, the frequency is low, the method is formal, and the bank card is normal, the bank is unlikely to ask about the source of the money. However, if the cash withdrawal amount is large, the frequency is high, the method is irregular, and the bank card is abnormal, the bank may verify and investigate the source of the money for the purpose of risk control and anti-money laundering.

• I have made a lot of money in the currency circle. If I withdraw money, will the bank inquire about the source of the money? It is also related to whether the funds obtained from the withdrawal are suspected of crimes. If the funds obtained from the withdrawal are normal digital currency transaction proceeds, and relevant transaction records, chat records, on-chain transfer records and other supporting materials can be provided, then even if the bank card is frozen or the police intervenes, you can still cooperate with the investigation and explain the situation to unfreeze accounts and funds. However, if the funds obtained from the withdrawal are black money or other illegal income, and its legality and compliance cannot be proven, then you may be suspected of concealing criminal proceeds or money laundering, and face legal action.

• I have made a lot of money in the currency circle. If I withdraw money, whether the bank will ask about the source of the money also depends on the platform, merchant, currency and card type selected when withdrawing money. Generally speaking, you can choose formal, large, and reputable digital currency trading platforms and merchants for OTC transactions, use mainstream currencies such as BTC, ETH, etc. for OTC transactions, and use local or small bank cards for collection and transfer. Reduce the risk of being targeted by bank risk control or police. On the contrary, choosing unstandardized, small, and unreputable digital currency trading platforms and merchants for over-the-counter transactions, using stable currencies such as USDT for OTC transactions, and using large or cross-regional bank cards for collections and transfers will increase the risk of being bankrupted. Risk of prosecution or police attention

To sum up, if you make a lot of money in the currency circle, if you withdraw cash, there is no definite answer as to whether the bank will ask about the source of the money. This depends on a variety of factors and involves certain uncertainties and risks. Therefore, when conducting digital currency transactions and withdrawals, you need to pay attention to the following points:

• Understand your own investment objectives and risk appetite, and determine a reasonable withdrawal amount and frequency based on your actual situation.

• Learn basic digital currency knowledge and laws and regulations, and comply with relevant rules and requirements.

• Adhere to formal, safe and legal transaction methods and channels, and avoid involving black money or other illegal funds.

• Diversify and adjust your investments regularly, and use different platforms, merchants, currencies and cards for transactions and withdrawals.

• Develop a good investment mentality and habits, and seek professional help and solutions in a timely manner when encountering problems. #etf #ETH #BTC #sol #BinanceBlockchainWeek