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鸣人-非分析师
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What to do about the expulsion of USDT in Hong Kong and difficulties in fund withdrawal?
Good evening, I am Naruto.
The country has been very strict recently, and the stablecoin merchants in Hong Kong, specifically USDT merchants, have basically all been expelled. Now, the exchange for the mainland has also become very strict, and it can be said to be prohibited. Moreover, this time Hong Kong is serious; they expelled everyone directly without obtaining their license, leaving no face. Some say that this license is easy to obtain, but a local reserve asset of 25 million Hong Kong dollars is the minimum.
And even if you obtain the license, you cannot sell to him.
The following is the current compliant process for issuing U in Hong Kong. Big players are fine, but retail investors are basically out of luck.
- Complete KYC authentication (mandatory)
The country has been very strict recently, and the stablecoin merchants in Hong Kong, specifically USDT merchants, have basically all been expelled. Now, the exchange for the mainland has also become very strict, and it can be said to be prohibited. Moreover, this time Hong Kong is serious; they expelled everyone directly without obtaining their license, leaving no face. Some say that this license is easy to obtain, but a local reserve asset of 25 million Hong Kong dollars is the minimum.
And even if you obtain the license, you cannot sell to him.
The following is the current compliant process for issuing U in Hong Kong. Big players are fine, but retail investors are basically out of luck.
- Complete KYC authentication (mandatory)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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