Is it legal and safe for you to sell U at a Hong Kong exchange shop? Many people say 'go to Hong Kong' when it comes to how to trade digital assets, but those who say this have never applied for a pass and simply believe that everything will be fine if they go to Hong Kong based on hearsay. Is it really like this? Let's review, how many ways are there to sell digital assets in Hong Kong? Don't even mention any Bitcoin ATM machines, they are inconvenient and have a 10% transaction fee. There are small amounts that can be exchanged directly for Hong Kong dollars in cash or transferred to you through a licensed exchange shop. If the amount exceeds a certain limit, you are required to do KYC authentication, and you also need to have a Hong Kong phone number and address. It is not just about buying an internet phone card. This is essentially an OTC method, which cannot be considered compliant. Why do you want to go to Hong Kong using this method? You can do it anywhere. The second way is to register as a user of a licensed exchange, such as Hashkey or Coinbase. Everyone tells you that you can safely and legally withdraw large amounts of U through this exchange, but no one has ever practiced it. Why? Registering for these overseas exchanges requires identity, which cannot be solved simply by applying for an overseas bank card. Those who tell you that opening an account in Hong Kong can safely withdraw funds are just card intermediaries. Actually, what about it? You need to apply for an overseas bank account, which is not a problem. You can spend some intermediary fees and make your own strategy to execute it for free. How can you obtain your exchange identity information? Are you still applying for immigration? Even if you spend a lot of money to apply for overseas identity, do you think you can withdraw money? As soon as you arrive, you will make a big investment of 1 million dollars. Yes, the exchange will give you the money, which is also a safe fund. However, under the common financial regulatory system overseas, exchanges and banks are regulated separately. In other words, banks have independent KYC and anti money laundering regulations. Even if the money is transferred from a licensed exchange, the bank's own anti money laundering responsibility cannot be exempted or reduced. Small amounts do not matter, whether you are on Hashkey or Coinbase. Unfortunately, these exchanges do not have the ability to withdraw large amounts of money. We have more than a few cases where we withdrew over a million dollars from Hashkey and were politely notified by the bank. We apologize, sir, but our bank cannot continue to serve you. Please transfer the money and cancel your bank account within 14 days. Where would you like to transfer it? You haven't received the account at all. The trolls have no financial knowledge about anti money laundering. Some novices even said, 'If it's me, I'll use a U-card.' This is true. U-cards are indeed a magical tool for novice retail investors to make money, but he misunderstood the word 'large sum', just like the clown in fairy tales who speculated whether the emperor used a golden hoe to farm. You take 3000 yuan a day, 90000 yuan a month, 1 million yuan a year, and 10 million yuan in ten years? Have you been running to ATM machines every day for ten years to withdraw money? It's really funny. Today, let me show you a case of Hong Kong licensed exchange shops engaging in black money laundering: In 2023, the victim exchanged over 70000 yuan of Chinese yuan into their family's account at a registered exchange shop in Hong Kong. However, in January of this year, the account was frozen by Uncle Sichuan due to gambling funds. All the evidence materials are available and the exchange is legitimate, but it just cannot be resolved. All of your exchange activities actually depend on the source of your funds, regardless of the method or location.