Recently, the new regulations issued by the Hong Kong Customs have caused a stir in the field of virtual currency monetization. According to the new regulations, after mainland residents convert virtual currency into cash in Hong Kong, the maximum amount of cash that each person can bring into the country each time is only RMB 20,000. This policy adjustment caught many investors who originally expected to cash out virtual currency in the Hong Kong market off guard and faced many challenges. However, don't worry, even in such a strict policy environment, there are still safe and reliable withdrawal strategies to help you handle virtual currency funds in an orderly manner.
U Card is convenient and efficient for small-amount consumption scenarios
In daily life, the "U Card" is a powerful assistant. The U Card is essentially a prepaid card based on the MasterCard channel. It can easily handle small expenses of hundreds of yuan, whether it is refueling at a gas station, dining in a restaurant, or shopping in a mall. It is extremely convenient to use. Although the use of the U Card will result in a loss of about 5%, compared with the convenience it brings, it is still a practical choice in solving daily expenses.
Large amount of funds withdrawal, legal APP escort
When it comes to handling large amounts of money, U cards are no longer able to cope with it. At this point, a legal withdrawal app becomes the key, such as #biyapay. Looking around the world, many countries regard virtual currency investment as a legal investment activity, which means that investors' earnings in the currency circle are legitimate income. With #biyapay, you only need to follow a few simple steps: first withdraw the USDT from the exchange to the e-wallet, then convert it into US dollars or other legal currencies at a 1:1 ratio in the APP, and then withdraw the funds to bank accounts such as wise or ocbc, and finally directly remit it to a mainland bank card, or even to an Alipay or WeChat account. The entire process only requires a small fee and exchange loss to get the funds back to you safely and legally.
Investors do not need to be overly anxious about the new withdrawal rules in Hong Kong. As long as they choose a withdrawal method based on their own fund size and strictly follow the regulations, they can still handle virtual currency funds safely and efficiently.
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