Why is it said that the difficulty and risk of domestic deposits and withdrawals are increasing? The State Administration of Foreign Exchange has issued management measures for illegal cross-border financial activities of virtual currencies, etc., and Article 3 here clearly defines cross-border financial activities of virtual currencies as foreign exchange risk transactions.
What does it mean?
As Yudong mentioned before, it will become increasingly difficult to exchange virtual currencies through domestic bank cards/WeChat/Alipay and other payment channels in the future, and the freezing of cards will become more and more frequent. Moreover, this is not manual monitoring, but AI automatic processing.