Hong Kong Virtual Currency Cashing New Regulations: Mainland Investors Face Cash Carrying Restrictions💰

Recently, Hong Kong's virtual currency market has attracted a large number of mainland investors, many of whom are cashing out virtual currency through Hong Kong channels. However, with the increasing demand for cashing out, Hong Kong Customs has issued new cash carrying restrictions, putting many investors in difficulty.

According to Hong Kong Wen Wei Po, mainland investors cashing out virtual currency in Hong Kong now face a new customs regulation: the maximum amount of RMB that can be carried per person per trip is 20,000 yuan. In other words, whether in cash or other settlement methods, any amount exceeding this limit cannot be smoothly brought back to the mainland. The introduction of this new regulation undoubtedly affects Hong Kong's status as a virtual currency trading center and has left many investors feeling troubled regarding capital flow.

Although Hong Kong has always been one of the world's major virtual currency trading platforms, with relatively loose policies and market conditions, this new regulation may restrict the capital transfer of some investors, especially those involved in large transactions. Therefore, how to avoid this restriction has become one of the focal points of the recent virtual currency market.

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