🚨 You think I'm showing off my wealth? Actually, I'm on the verge of surrendering.
I started playing with coins in 2015, and got Bitcoin from a copycat. With one chance, I made 10,000 BTC.
Today’s book value: more than RMB 7 billion.
Do you think I am financially free?
Let me tell you: I don’t even dare to exchange 1 yuan into RMB.
🚔 Lesson 1: In China, BTC is not a “legal currency”, but you can’t just “cash out” it
According to the announcement jointly issued by the People's Bank of China, the China Banking and Insurance Regulatory Commission, the Ministry of Public Security, etc. (on preventing the risks of token issuance and financing):
Bitcoin is not recognized as legal currency in China
Although "holding is not illegal", as long as you "publicly exchange for legal currency" or "off-site diversion and cashing out", you may touch the red line of illegal operation, money laundering, illegal absorption of public deposits, etc.
I asked a lawyer, and he gave me two words: Don't move.
💰 Lesson 2: Why I didn’t choose “Withdraw” but chose Solv
When you withdraw money, you push it to the limit; when you manage your finances, you allow the money to continue to grow legally.
It’s not that I don’t want to lock in the profits, I just know that the country has already strictly controlled OTC and wallet transfers, and if BTC is touched once, ten years of hard work may be ruined in an instant.
So I chose Solv:
Don’t sell BTC, stake it in Binance-Solv On-Chain Yield and earn 3.9% annualized return
No diversion, access to BlackRock linked products + Middle East Halal channel, bypassing domestic sensitive paths
Without exposing your identity, configure your asset structure through DeFi chain combinations
You think I am “managing my finances”, but actually I am trying to find a way out for my assets.
📌 Summary: You don’t have 10,000 BTC in your hand, but a “regulatory landmine” that could explode if you’re not careful
In China, there are only three possible destinations for big cryptocurrency investors:
Reported and sealed
Killed by greed, liquidation and zero return
See the situation clearly in advance and use compliant channels to make BTC part of global assets
I chose the third one.
Solv was the door I chose.
