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New regulations for cryptocurrency withdrawals in Hong Kong! Limit of 20,000 yuan per person per transaction, the crypto world is stirring again 💥💥💥

Recently, the cryptocurrency market in Hong Kong has attracted many investors from the mainland to withdraw funds. However, according to the Hong Kong Wen Wei Po, the amount that mainland residents can bring back to the mainland after exchanging cryptocurrency for cash in Hong Kong is capped at 20,000 yuan per transaction. Funds exceeding this limit cannot enter the mainland, regardless of whether they are transferred through bank transfers or other settlement methods.

This new regulation is like "a stone stirring up a thousand waves." In the past, Hong Kong held an important position in global cryptocurrency trading due to its loose policies, attracting a large number of investors. However, the implementation of the new regulation puts its status as a trading center in jeopardy, especially for wealthy investors with large trading volumes, who are facing severe challenges in capital turnover.

Cryptocurrency trading in Hong Kong was once thriving, and policies were relatively lenient. But the new regulations have doused the market with cold water. In response to these restrictions, investors are seeking countermeasures. One investor helplessly stated, "Making a living in the crypto world is like walking a tightrope, now it’s even more nerve-wracking!"

How will the cryptocurrency market in Hong Kong develop in the future? How will related policies change? Let’s continue to pay attention to further developments!

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