In the cryptocurrency space, the withdrawal of large amounts of funds and asset swaps are topics of concern for many people. Today, let's discuss some of the intricacies involved.
First, let's talk about OTC withdrawals. Generally, OTC merchants handling cash withdrawals below 10 million is a common business scope. Withdrawals in the millions are also not uncommon, and small withdrawals of tens of thousands or hundreds of thousands carry minimal risk, except for occasional cases of frozen cards.
Those with cash flow in the hundreds of millions typically do not engage in OTC business. After all, OTC carries significant risks and relatively limited returns; they prefer to engage in market-making to obtain more stable and substantial returns by leveraging their large capital.
For withdrawals in the tens of millions, merchants often do not provide cash directly but offer equivalents, such as real estate, vehicles, mobile phones, etc., and can assist in paying for other equivalent items.
Individuals who truly possess substantial assets do not keep all their money in banks but diversify their investments across various fields such as real estate, companies, stocks, projects, artworks, and luxury goods. Cryptocurrency is also an important part of their asset allocation, as it maintains certain value, making it unnecessary to convert everything into RMB.
Regarding commission fees, it is generally around 10%, but the specific ratio may vary depending on the nature of the funds. The higher the risk and the larger the amount, the higher the commission will be.
If you want to convert such a large amount of cryptocurrency assets into RMB assets, it is not a simple task. This is typically not something one supplier can handle; extensive networking resources are required. The entire asset swap process usually takes at least 1 to 2 years.
For example, when opening accounts at exchanges to diversify funds, those with resources can find 20 different exchanges within a week and can help you secure VIP numbers, gradually allocating funds.
There is also a counterintuitive point here: on-chain funds are actually much cleaner than traditional financial capital. Many people are curious about how those with assets in the hundreds of millions made their fortunes, but I won't elaborate on that here.
Moreover, wanting to swap for RMB assets does not fundamentally contradict the core interests of regulatory authorities. The focus of regulation is on asset outflows rather than inflows, so it is not as difficult as it seems. When engaging in large asset operations in the cryptocurrency space, it is essential to be cautious and make full use of networks and resources to ensure the safe exchange of assets.