When converting large amounts of crypto to cash, banks may closely monitor transactions, especially for amounts like $111 million. Regularly converting USDT into fiat, building up around $8 million without withdrawals, can even attract special offers from banksâwealth management perks, exclusive insurance plans, or VIP account services!
However, be cautious. Selling USDT across various platforms can expose you to risks, especially if unknowingly dealing with suspicious funds. Small sums from illicit sources might freeze your account for days. Larger transactions could result in months of freezing or even asset seizures if linked to black money. Trading USDT at rates higher than market value, like 8.1 yuan instead of 7.3 yuan, might trigger money-laundering flags.
To stay safe, avoid inflated rates and unfamiliar platforms. Partnering with trusted merchants offering upfront cash for USDT and ensuring theyâve held the funds in their accounts for at least three days is the smart way to avoid legal or regulatory complications.
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