Revealing how millionaires break through restrictions and how to safely transfer billions of assets back to China!
In the world of cryptocurrency, if you become a millionaire through the currency circle,
direct transfers may be regarded as property of unknown origin and may even constitute a crime.
Then you need to be extra careful when transferring funds back to domestic bank accounts. There are several legal ways to operate.
Method 1: Convert and transfer through BiyaPay wallet
First, you can transfer USDT to the BiyaPay wallet licensed in the United States. In BiyaPay, you can convert it to US dollars and then transfer it to banks such as Wise or OCBC. Although some fees and exchange rate losses may occur in the process, the funds are clear. Through Wise, you can transfer US dollars back to domestic banks such as Taobao, Xinxin or Bank of China, but there is a limit on the amount of transfers per year. OCBC's 360 account is very convenient, and you can withdraw cash directly in China without being restricted by 50,000 US dollars.
Method 2: Withdraw through Kraken Exchange and deposit into iFAST Bank
Another method is to withdraw USDT through the fully licensed Kraken Exchange and deposit it into iFAST Bank in the UK. This method is also legal, but it will inevitably incur handling fees and exchange rate losses.
Now that we have a way to transfer funds safely, we just need to get the funds in place. Good luck to you, friends in the cryptocurrency circle!
