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Hong Kong's new regulations for virtual currency withdrawals! Each person is limited to 20,000 yuan per transaction, and the cryptocurrency sector is stirring again 💥💥💥

Recently, the Hong Kong virtual currency market has attracted many mainland investors to withdraw funds. However, according to the Hong Kong Wen Wei Po, the limit for the amount that mainland investors can bring back to the mainland after exchanging virtual currency for cash in Hong Kong is 20,000 yuan per transaction. Regardless of whether through bank transfers or other settlement methods, funds exceeding this limit will not be allowed to enter the mainland.

This new regulation is like "a stone stirring up a thousand waves." In the past, Hong Kong occupied an important position in global virtual currency trading due to its lenient policies, attracting a large number of investors. However, the implementation of the new regulations puts its status as a trading hub in jeopardy, especially for investors with substantial funds and large trading volumes, who are facing severe challenges in capital turnover.

Hong Kong's virtual currency trading was once booming, and the policies were relatively lenient. But the new regulations have doused the market with cold water. In response to the restrictions, investors are seeking countermeasures. Some investors helplessly stated: "Making a living in the crypto world is already like walking on a tightrope, and now it's even more nerve-wracking!"

How will the Hong Kong virtual currency market develop in the future? How will related policies change? Let's keep an eye on the subsequent developments!

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