If you made ten million through cryptocurrency trading, how to safely withdraw your funds
If you made ten million through cryptocurrency trading and want to transfer this money to a domestic bank account, it may be regarded as a source of huge undisclosed wealth, and could even constitute a crime. However, there are some legal ways to convert these funds into legitimate income.
One method is to withdraw stablecoins from an exchange to BiyaPay, which is a wallet with a legal license in the United States. In BiyaPay, you can exchange stablecoins for an equivalent amount of US dollars, and then withdraw the dollars to Wise or OCBC Bank. Although this operation will incur fees and exchange rate losses, the funds are all legal. From Wise, you can transfer the dollars back to Alipay, WeChat, or Bank of China, but there is an annual limit. The OCBC Bank's 360 account allows direct cash withdrawal in China without the $50,000 limit.
Another method is to withdraw stablecoins from the Kraken exchange to iFAST UK Bank, which also has a legal license. This method is also legal but will similarly involve fees and exchange rate losses.
Please note that while these methods are legal, it is best to consult a professional legal advisor before proceeding to ensure that all steps comply with local laws and regulations. Also, be aware that any legalization method will come with certain costs to ensure the safety and legality of the funds.