What the highly upvoted comment said is correct; generally, OTC vendors can only handle cash withdrawals below 10 million, and in reality, transactions in the millions are very common. Withdrawals in tens of thousands or hundreds of thousands pose minimal risk except for occasional frozen cards.
Generally, if you have hundreds of millions in cash flow at hand, you would directly engage in market making. Why do OTC, where the risks are high and the profits are low...
For withdrawals in the tens of millions, equivalent items like houses, cars, and phones are usually provided. We can also assist you in making payments with other equivalent items. I've never seen anyone with such a large amount of assets keep it all in the bank; it's usually spread across various assets like real estate, companies, stocks, projects, art, luxury goods, etc. Cryptocurrency itself is also a stable currency, and you don't necessarily have to exchange all of it.
The commission fee is usually around 10%, depending on the nature of the funds. The higher the risk and the larger the amount, the higher the commission.
If you want to exchange such a large amount of money for RMB assets, it's basically not something a single vendor can handle. The person who can deal with this needs to have quite a lot of connections. Moreover, this asset exchange project needs to last at least 1-2 years. For example, if you truly have that much money and want to open accounts at exchanges to diversify your funds, I can help you find 20 different exchanges and get you VIP accounts within a week, and then start planning—that's the connections and resources.
Another counterintuitive experience is that the money on-chain is actually much cleaner than the big capital in traditional finance. You haven't seen how those with assets worth hundreds of millions made their fortunes, 233.
Moreover, your request to exchange for RMB assets does not fundamentally conflict with the core interests of regulatory authorities.
The mainland is primarily targeting asset outflow rather than inflow, so it's not too difficult.
