🦘 Recently preparing for the student visa to Kangaroo Country, I encountered a very practical problem: "I need to provide legal proof of financial capacity to show that I have sufficient funds to live locally."
Most of my assets are in the cryptocurrency space. I originally applied for a balance certificate on the Binance website, but it was returned after submission. The official response clearly stated that they do not accept cryptocurrency assets and only accept deposit certificates issued by legitimate banks.
I thought about using Binance's C2C to convert USDT to AUD, but many sellers were "using someone else's account" to help with the transfer, which made me hesitant to take orders, fearing that I might step on a landmine and end up freezing my funds🥶.
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💳 Today I happened to participate in a live stream where a Visa card that supports cryptocurrency deposits was mentioned. Essentially, as long as you deposit USDT, you can spend globally, and you will also receive interest rewards.
Someone asked: "Can this card be considered a legal withdrawal method?"
The project team responded that it cannot currently be regarded as a compliant withdrawal tool, but mentioned that: when swiping the card, the merchant receives fiat currency (such as USD).
I am thinking that if such a design could provide account balance statements in the future, or cooperate with certain regulatory compliance agencies to issue asset reports, it might be very helpful for those of us who want to use cryptocurrency assets to prove our financial capacity.
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🔍 If you have similar needs as I do, or have successfully obtained financial capacity proof using cryptocurrency assets, please feel free to share your experiences. It's not about achieving everything in one step; discovering a stable path is already quite good.
🧾 Final statement: The above content is a personal experience share and does not constitute investment advice or withdrawal recommendations, nor does it imply any gray area operations. I hope the community can discuss rationally and jointly seek compliant solutions.