What should I do if my bank card is frozen due to selling U?
How to deal with a frozen bank card due to selling USDT? Here are ways to unfreeze bank cards and effectively avoid risks!
Many people encounter frozen bank cards when they buy and sell USDT, which will undoubtedly make people feel very anxious. So why does personal buying and selling of virtual currencies cause bank cards to be frozen? How can I unfreeze my bank card legally and compliantly while avoiding touching the legal red line?
1. Reasons for frozen bank cards
Since 2020, the state has been increasing its supervision of virtual currency transactions. Stable currencies such as USDT have high liquidity and relatively stable prices, and unfortunately have become a common "carrier" for illegal capital flows. Therefore, it is not an isolated case that many people have their bank cards frozen after buying and selling virtual currencies.
However, the freezing of bank cards does not absolutely mean that there is a criminal act. In many cases, this is just because the bank's anti-money laundering monitoring mechanism has been triggered. To prevent such problems from happening again in the future, it is crucial to understand the potential risks.
2. Legal and safe operation methods
If you have made profits from cryptocurrency trading, but are worried that withdrawing cash to a mainland bank card will trigger freezing monitoring, don't worry, there are legal and safe ways to transfer funds.
3. Solutions to bank card freezing
If your bank card is unfortunately frozen, the first thing to do is to stay calm and actively seek solutions. The following measures can be taken specifically:
1. Provide transaction vouchers
Provide comprehensive transaction records, chat records and other relevant information to prove that your transactions are legal and compliant.
2. Prove your innocence
If necessary, provide proof of legal source of income to ensure the legality of capital flow.
3. Rational communication
When communicating with the public security organs, avoid emotional expressions, clearly explain the impact of bank card freezing on life and work, and present relevant evidence.
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