Pay attention to several points, which can effectively prevent receiving dirty money and having your card frozen:

(1) For OTC trading, try to choose large platforms like Binance and OKEx. These platforms have better communication channels and risk control measures with the regulatory and law enforcement agencies in mainland China.

(2) Try to choose OTC platforms that support T+1/T+2 withdrawal strategies. Although you cannot withdraw immediately after selling coins, it reduces the risk of being suspected of money laundering through OTC trading. For example, Binance supports T+1, and Huobi's strict selection trading allows T+2 withdrawals.

(3) Avoid using stablecoin OTC transactions like USDT directly; try to use mainstream coins like BTC and ETH for OTC trading.

(4) The bank card used for OTC trading must be a separate card that is usually not used, separated from wage cards, so that even if it is frozen, it will not affect the use of other funds, making it easier to clarify the flow of funds during the investigation.

(5) For OTC trading, try to use cards from local banks, such as local urban commercial banks or rural commercial banks. Large and medium-sized joint-stock commercial banks like Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and China Merchants Bank have branches all over the country, making it easy for law enforcement agencies to freeze them directly.

(6) Do not frequently trade with fixed merchants, and do not frequently trade with fixed users. If the same user indirectly purchases more than three times in one day, or sells after a few hours of buying, it will be very dangerous and highly suspicious of money laundering.

(7) Look for reliable OTC merchants for trading. Try to actively take orders from large merchants and market makers, and place fewer orders. Avoid merchants in problematic areas. In fact, as an ordinary user, it's very difficult to distinguish which merchants are reliable. For example, friends who trade a lot with Huobi's Blue Shield service merchants also had their cards frozen.

(8) Reduce the frequency of withdrawals and increase the amount of cash conversion.

(9) After OTC trading, do not transfer to your other bank cards to avoid contaminating other funds, which complicates the investigation. If you need money urgently, you can withdraw cash through an ATM or consume it online.

(10) Try to choose weekdays for cashing out. It is best to conduct transactions during normal working hours, such as from 9 AM to 9 PM on weekdays.

(11) Do not transfer immediately after receiving payments. After selling USDT for RMB, do not transfer out immediately; keep it in the account for a while.

If we suffer from card freezing, how should we explain to prove that we have not participated in money laundering activities?

(1) Individuals are engaged in normal Bitcoin buying and selling transactions, without involving money laundering or other transactions;

(2) You are unaware that the debts received from selling coins are suspected of being criminal;

(3) Cooperate by providing all transaction records, chat records, on-chain transfer records, etc.;

(4) You must be very clear that engaging in digital asset transactions does not violate the law.

In OTC trading, if your withdrawal bank card is frozen due to police judicial freezing, what materials will the other party require from individuals to lift the freeze?

Commonly required materials mainly include: complete transaction records, such as bank card transaction statements, on-chain transaction records, trading platform order records, WeChat chat records (including communication during the trading process), and other evidence that can prove the legality of assets, including income proof, etc.

So, what should you do if you unfortunately receive dirty money and your card gets frozen?

First, go to the opening bank to understand the reason for the card freeze and identify the authority responsible for the freeze.

The reasons for card freezing can be summarized into two types: bank risk control and police freezing:

1. Bank risk control. The reason for triggering bank risk control may be frequent large transfers in and out of the card recently, dispersing inflows and concentrating outflows, concentrating inflows and dispersing outflows, quick in and out transactions, frequent night transactions, not leaving a balance in the account, etc., collectively referred to as transaction anomalies. This has triggered the bank's anti-money laundering risk control system.

2. Police freezing. This usually occurs when the account has received other involved illicit funds, which may have been received directly or indirectly. The police will freeze all related accounts that the involved funds have flowed through to prevent fund transfers and facilitate case investigations.

How to solve the two reasons for card freezing?

1. Regarding bank risk control freezing:

Bring your ID card and bank card to communicate with the opening bank and submit relevant transaction statement proof. If there are policies or instructions related to the police, you also need to cooperate with the local police department for investigation. If it triggers the anti-fraud center's model control, you will also need to fill out the anti-fraud application form required by the anti-fraud department, and the account can only be unfrozen after approval.

2. How to deal with police judicial freezing:

First, observe for 3 days. See if the temporary freeze has turned into a formal freeze (which can last for another six months). If it turns into a formal freeze, go to the opening bank immediately to inquire about the name of the police unit that froze the card, the case number, and the name of the police officer in charge of the case. Then, contact the responsible police officer to understand the reason for the freeze and cooperate with the investigation. After verifying that you have not committed any illegal or disciplinary actions, your account will be unfrozen.

Are you just muddling along? When will we get a tenfold opportunity? Hurry up and follow along with Brother Yong's pace. Hold onto first-tier market channels, dig potential coins, and it's better to keep close than to miss out and let others take the meat.

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