🚨 Withdrawal ≠ Freedom, Don't Let Profits Become Trouble!
In China, trading cryptocurrencies is not illegal, but once you make a profit, you have to pay taxes, and you need to be cautious when withdrawing.
According to the Shanghai Tax Bureau, the profits from buying and selling virtual currencies fall under "property transfer income" and must be taxed if applicable. If you cannot provide proof of your purchase cost, the tax bureau might directly give you an "estimated price".
The more difficult part is withdrawing funds! Due to the strong anonymity of virtual currencies, if the funds are suspected of money laundering or fraud, they may be frozen by risk control. Especially in OTC transactions, choosing the wrong merchant, transferring too large amounts, or doing so too frequently could lead to problems.
Here are some suggestions for friends still in the market:
• Try to withdraw using mainstream coins like BTC or ETH, avoid using USDT directly;
• Choose large platforms like Binance or OKEx, as their risk control is more reliable;
• Use a bank card that you don't usually use, preferably from a local bank;
• Avoid frequent transactions with the same person, place fewer limit orders, and take orders actively;
• Control the frequency of withdrawals, try to withdraw everything at once, and don't transfer it out immediately.
Making money is not easy, and withdrawing is even harder. Understanding tax and risk control is essential to truly protect your assets!
In this bull market, I have put all my bets on the Trump track 🔥
#特朗普概念币 C0nan Conan Trump Dogecoin
You can tell by the name, this is a top-level IP
This is a meme coin with explosive potential!
With continuous community building, attracting talent
Now three institutions have come to cooperate!
If at this point you still don't have good targets in hand
You need to hurry and get on board with Conan!
