A friend of mine said that he was caught by the bank when he sold coins on E-Commerce. Today, let’s talk about how to solve this risk control problem!
To be honest, it is very simple to remove the risk control of banks that sell coins. For those who don’t even dare to go to the bank, there is no need to read the following article.
Remember, you are just selling coins and are not participating in any illegal activities. So far, there is no law or regulation that states that buying and selling coins is a crime. All the news you have seen about people being arrested for playing with virtual currencies is because they received the funds involved in the case.
Your card is only under risk control by the bank, not because it has received funds involved in the case or been frozen by the court. Therefore, there is no need to be nervous, just negotiate with the bank normally.
Well then, what should we do if selling cryptocurrency cards is subject to bank risk control?
You must bring your ID card and bank card to the bank counter. You cannot remove the control over the phone. Because the bank wants to confirm whether the card is used by you, whether you rent or sell the bank card, and whether you are involved in illegal activities such as running points. You must see your person and card. If you are in another place, you can check at the bank counter in another place.
1. Prepare materials.
Print your EB selling transaction record and the account information of the payee.
You can also make a simple description of the coin sales, including the date and year of the sale of coins on the EBpay exchange, several transactions, the amount of each transaction, the payment account used by the other party to pay you, and print out the receipt if there is one.
2. E***y trading model.
E***y is a C2C transaction (Taobao model), which specifically refers to a peer-to-peer transaction model between individuals. In the virtual currency circle, it is also called OTC transaction (the platform does not act as a central counterparty, and the transaction model is reached by users and users). Buyers and sellers seek counterparties in the trading market or through random matching on the trading platform. After reaching a transaction intention on a certain virtual currency, they transfer and pay according to the account information of both parties (using Alipay, WeChat or bank transfer), and the seller delivers the subject matter after confirming the payment.
Simply put, I and the seller (payee) do not know each other, and the transaction between the two parties is randomly matched by E***y.
3. Laws, regulations and legality of digital currency.
In China, the legal position of crypto assets such as Bitcoin is "virtual goods", and the occupation, use, income and disposal related to them are also equally protected by law. According to the "Notice on Preventing Bitcoin Risks" issued by the People's Bank of China and five other ministries and commissions, Bitcoin and other digital currencies are a commodity trading behavior on the Internet, and ordinary people have the freedom to participate at their own risk.
(1) On December 3, 2013, the People’s Bank of China, the Ministry of Industry and Information Technology, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China Insurance Regulatory Commission jointly issued the Notice on Preventing Bitcoin Risks (Yinfa [2013] No. 289).
Pursuant to Article 1 and Article 5 of the Regulations, virtual currency is a virtual commodity and rational investment is allowed.
(2) On December 5, 2013, the People’s Bank of China issued a policy interpretation document, “Answers to Reporters’ Questions on Bitcoin-Related Matters.”
According to the last answer, as a commodity trading activity on the Internet, ordinary people have the freedom to participate in virtual currency at their own risk.
(3) The People’s Bank of China, the Cyberspace Administration of China, the Supreme People’s Court, the Supreme People’s Procuratorate, the Industrial and Commercial
On September 15, 2022, the Ministry of Finance, the Ministry of Public Security, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued the "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Trading Speculation" (Yinfa [2021] No. 237)
Pursuant to Article 1, Item (4) of the Notice, as long as it does not violate public order and good morals, the virtual currency purchase and sale contract relationship between citizens does not constitute an invalid civil act.
Print out all the above materials and submit them to the bank staff.
If the bank's risk control cannot be lifted and you are asked to go to the anti-fraud center to get a certificate, you should strongly request the bank to issue a "Fraud Risk Account Review Form" and have the bank go to the anti-fraud center on your behalf. The bank has this obligation, and negotiations between the bank and the anti-fraud center are more direct and efficient than you going to the anti-fraud center.
If you go to the anti-fraud center yourself, the uncle may not pay attention to you.
The entire release cycle takes about two weeks, and you have to keep urging the bank.
When you arrive at the Anti-Fraud Center, will the uncle come to you? 90% of the time, no!
Because this is to remove the risk control of fraud on your bank card. As long as you don't engage in fraud, point running, selling cards, etc., plus the EB coin selling materials you submitted, the anti-fraud uncle will not investigate further, not to mention that your card has not been involved in the judicial freeze.
If your uncle asks you to come over, don't be afraid, just tell the truth.
We should be humble and sincere in front of the uncle, but we should be tough and not timid in front of the bank. Special cases should be treated specially. Every citizen has the obligation to cooperate with the uncle, but not the obligation to cooperate with the bank.
People tend to bully the weak and fear the strong. If you really try to confront the bank, they will immediately become soft.
If the balance on the card is not much, it is unimportant, and you don’t want the hassle, you can choose to wait for half a year or a year, and then go to the bank to withdraw cash and cancel it. By then, the bank will not force you to do anything difficult.
