Hong Kong is becoming a world-class 'Cryptocurrency Capital'

Interestingly, in mainland China, cryptocurrencies are viewed as a beast to be feared. Multiple policies have been introduced to restrict, regulate, and suppress this industry, and there is no longer any space for cryptocurrencies to exist in mainland China. Various departments have repeatedly stated that cryptocurrency trading is considered a high-risk industry that disrupts financial markets, facilitates money laundering, and illegally transfers assets across borders.

On September 4, 2017, the People's Bank of China and seven other departments jointly issued a strong announcement declaring that the issuance of cryptocurrencies for financing is illegal. In other words, if you want to use this method to make money, that's not going to work.

However, Hong Kong not only hosted a 'carnival' for the relevant industry but even the Chief Executive of Hong Kong, John Lee, and the Financial Secretary, Paul Chan, personally took the stage to welcome cryptocurrency talent to develop in Hong Kong, with favorable policies coming one after another.

Now, on the bustling streets of Hong Kong Island, huge posters of Bitcoin and other cryptocurrencies and rolling LED screens continuously display the names and introductions of various cryptocurrency exchanges, attracting the attention of passersby. In every corner of Hong Kong, you can find ATMs that exchange cryptocurrencies for Hong Kong dollars, and Hong Kong has also become one of the important ways for mainland residents to cash out US dollars, with transactions completed in just one minute.

For ordinary users cashing out US dollars in Hong Kong, there is a limit of $50,000, and it is indeed relatively troublesome to go to Hong Kong. Is there a simpler method? The recommended #biyapay has been suggested many times; it holds a legal license in the United States, ensuring transaction safety and compliance. Convert digital currencies into mainstream fiat currencies like USD or HKD, withdraw to a bank account, and then deposit into other brokers to trade stocks, all done conveniently on the same day. The best part is that there will be no transaction record left in domestic banks. This means that no one can manage it; your money is your own, dancing back and forth on the sharp blade of the card-cutting operation, refusing all limits, non-counter, freezing, or stopping payments.