•If you make a lot of money in the cryptocurrency world, if you withdraw cash, whether the bank will inquire about the source of the money depends mainly on the amount, frequency, method and bank card situation of the withdrawal. Generally speaking, if the withdrawal amount is small, the frequency is low, the method is formal, and the bank card is normal, the bank will not ask about the source of the money. However, if the withdrawal amount is large, the frequency is high, the method is irregular, and the bank card is abnormal, the bank may verify and investigate the source of the money for the purpose of risk control and anti-money laundering. •If you make a lot of money in the cryptocurrency world, if you withdraw cash, whether the bank will inquire about the source of the money also depends on whether the funds withdrawn are suspected of crimes. If the funds withdrawn are normal digital currency trading income, and relevant transaction records, chat records, on-chain transfer records and other supporting materials can be provided, then even if
If the bank card is frozen or the police intervene, the account and funds can be unfrozen by cooperating with the investigation and explaining the situation. However, if the funds withdrawn are black money or other illegal income, and it is impossible to prove their legality and legality,
If the law is violated, then the person may be suspected of concealing the proceeds of crime or money laundering and face legal consequences.
• If you make a lot of money in the cryptocurrency circle and want to withdraw cash, will the bank ask about the source of the money? This also depends on the platform, merchant, currency and card type you choose when withdrawing cash. Generally speaking, choose a formal, large and reputable digital currency exchange.
Cryptocurrency trading platforms and merchants conduct over-the-counter transactions, using mainstream currencies such as
OTC transactions of BTC, ETH, etc., using local or small banks
Cards can be used to receive and transfer money, which can reduce the risk of being targeted by bank risk control or the police. On the contrary, choosing non-standard, small, and unreputable digital currency trading platforms and merchants for over-the-counter transactions, using stablecoins such as
Conducting OTC transactions with USDT, or using large or cross-regional bank cards for payment and transfer will increase the risk of being targeted by bank risk control or the police.
risk
In summary, if you make a lot of money in the cryptocurrency circle and want to withdraw cash, there is no definite answer as to whether the bank will ask about the source of the money. This depends on many factors and there are certain uncertainties and risks. Therefore, when conducting digital currency transactions and withdrawals,
A few points to note:
Understand your investment goals and risk preferences, and determine a reasonable withdrawal amount and frequency based on your actual situation.
Learn basic digital currency knowledge and laws and regulations, and comply with relevant rules and requirements.
Adhere to formal, safe and legal transaction methods and channels, and avoid involving black money or other illegal funds.
Diversify your investments and adjust them regularly, and use different platforms, merchants, currencies and card types for transactions and withdrawals.
Develop a good investment mentality and habits, and solve problems in time when you encounter them.
Seek professional help and solutions.
I hope this information is helpful. If you have any further questions or requests, please let me know.
