MasterCard U card withdrawal full analysis: Is it legal to withdraw RMB from domestic ATMs?
Dear friends, let's talk about virtual currency and withdrawal! First of all, our country has not clearly stated whether virtual currency is legal or illegal. After all, it is used all over the world. As long as you don't use it to commit fraud and ensure that the source of your virtual currency is clean and not illegal, then there is basically no problem.
Speaking of withdrawals, there are a few points to note:
If your virtual currency is earned through formal market transactions and does not involve fraud or anything, then you can use the trc20 network to transfer to the MasterCard U card. This card is jointly developed by European banks and MasterCard. Virtual currency is recognized in Europe, just like we have a special machine for exchanging Bitcoin in Hong Kong. There is no problem with this step. European banks will collect your virtual currency and then exchange it for euros and deposit it in your bank account.
Then, you take this MasterCard U card to the domestic ATM to withdraw RMB. In fact, European banks and the People's Bank of China have done a foreign exchange to exchange euros for RMB. This is neither illegal nor illegal, and there is no regulation that says it is not allowed.
As for security, this card is issued by a regular bank and has a regular license, so there is no need to worry about security.
So before there is a better alternative, MasterCard U card is still a good choice in the cryptocurrency circle.
In addition, some friends want to shop on overseas websites or e-commerce, but find that they do not support domestic bank cards. What should I do? You can apply for a virtual MasterCard or VISA card to consume, which is much more convenient!
If you want to know more about MasterCard, you can leave a message in the comment area, or you can see my top guide!
