Let's assume you made 100 million.
If you sell a lot of U every day and don't withdraw, and reach 5 million, the bank will call you and visit your home, asking you to buy wealth management, trusts, and insurance, and to enter the VIP gold card program.
If you sell U on the platform, you will definitely encounter some dirty money, level three dirty money is not too much, frozen for 3 days, but with so much in your card, it may be frozen for half a year.
If you are level two dirty money, it may be frozen for 6 months or even confiscated. If the amount is not too much, you might compensate 10%. It could be resolved, but if it's too much, you may end up in serious trouble, and you won't be able to use the internet, open cards, or take loans for 5 years.
If you buy U at a very low price, or sell U at a particularly high price, market price is 7, you sell at 7.5, then you are knowingly committing a crime, that is guilty. This is too bad. So don't be greedy for cheap U, or sell U at a particularly high price.
If you receive level one dirty money, then there's nothing more to say, a direct three-year sentence. The charge will definitely be concealing the proceeds of crime.
If you are selling U, definitely do not go to the platform. Take my advice, a cautious approach lasts a lifetime. Never go to the platform, and do not look for U merchants. You should also avoid offline cash transactions. Cash transactions could involve a lot of dirty money, and there is a risk to your personal safety. Don't put yourself in a dangerous situation.
If you make money, I will tell you how to cash out. Find someone you know to cash out, usually they give you money first, you give U, then you verify the funds that have not been stagnant for more than 3 days, do not accept those with too much frequent flow. Normal living card flow is fine.
Even if you make 100 million, you don't need to sell it all at once, sell slowly. For example, if you cash out 10 million, you can use Alipay slowly, cashing out 200,000 a day is enough. Don't be in a hurry. Being too eager to sell can lead to problems. If possible, don't use a bank card.
Many people say something about selling for Hong Kong dollars, this operation is particularly troublesome and requires a lot of qualifications and procedures. Don't attempt it without learning.
Just listen to others say that this can be done. Try it before saying it's possible.
If you sell little, the bank generally won't ask you.
But if your card receives so much money every day, it is likely that the card will be flagged, so you will need to go to the counter to withdraw.
There is no way around this. This is all to prevent telecommunications fraud and to prevent your card from being borrowed by others.
If you are a person with a clean background, without involvement in drugs or crime, and if you sell currency and make money, and the money is clean.
The bank basically won't ask too many questions. Just rest assured.
But if you have any history, it will be thoroughly investigated.
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