Recently, there have been more and more cases of cash transactions for selling USDT being investigated! Once you are 'held down' by the 'uncle', you must answer three questions clearly, or you will be in big trouble:
1️⃣ Why don’t you use an exchange and insist on choosing offline cash transactions?
The exchange is secure and transparent, yet you choose cash transactions. Are you afraid of exposing something?
2️⃣ Do you know who you are doing cash transactions with?
Are they a cryptocurrency trader, a USDT dealer, a victim, or a member of a money laundering team? If you have no idea, then the suspicion is quite large.
3️⃣ How do you confirm that the cash paid by the other party is legitimate?
Is this money obtained through fraud or scams? Can you guarantee the safety of the source?
What behaviors will be closely monitored?
High premium trading: Your selling price for USDT is much higher than the market price.
Unusual trading methods: For example, 'plane picking up orders', 'Huiwang guarantee', or designated clients upstream.
Associated with fraudulent funds: The other party buys USDT to invest and gets scammed, or USDT flows into a scam address. If you didn't verify, the responsibility is hard to escape.
Special reminder: As long as the source of the transaction funds is related to fraud, you may face criminal detention, and even your relatives and friends may be summoned for questioning!