Why do people always touch the taboo of frozen cards? Because many are too eager to exchange for RMB.
If you use overseas bank accounts, you can solve this type of problem, such as using an OCBC account or a Fiat24 NFE Swiss bank account, which can directly receive coins, though the processing time is just a bit slower.
Don't always think about cashing out with domestic bank accounts, isn't that just handing over your trading data to the authorities as evidence?
The reason why using an overseas bank account for receiving payments is better is due to verification issues; the domestic authorities don’t have that much time, energy, or financial resources to exhaust on you.
Why do so many people like to travel abroad? Are they really going for tourism? The reason is to establish some countries' payment channels, disguising it under various travels and investments, relying on these legitimate “legal persons” as a cover.
Using offshore companies as a legitimate and compliant way to dress as an investor.
Moreover, legality and compliance are one factor; more importantly, it's about tax avoidance and global asset allocation! At the same time, it can help in changing nationality or obtaining permanent residency green cards.
These operations have high thresholds, equivalent to being compatible with multiple systems using this app.
For example, if you made money investing in the crypto space, you definitely need to turn it into legitimate income. So how did the principal enter the crypto exchange account? Can it be legalized and cleaned? Sometimes it’s really hard to prove.
In the early days, many people used work visas, investment immigration, and other methods to move abroad, so planning ahead is indeed very necessary!
The domestic economy has become sluggish, and the tactics of big fish eating small fish are increasing; win-win cases between both sides often mean eating the third party.
If you make money, don’t post recklessly; keep your wealth discreet. Be sure to do proper protection, meanwhile stay vigilant, focus on doing your current job well, and when you have time, go abroad for a trip to see if there are any countries or cities worth moving to, for future retirement abroad! Instead of thinking about bringing money back home, it’s not about being afraid of a thousand risks but rather the fear of being caught like a fattened pig ready to be slaughtered!