Recently, there has been a viewpoint circulating in the crypto world: as long as you go to Hong Kong, you can easily achieve compliance for cashing out. However, this statement oversimplifies the actual situation. In fact, the process of cashing out overseas is far more complicated than many people imagine.

First of all, having an overseas bank account does not equate to solving all problems. Even if you have overseas identity and successfully opened an overseas account, you still need to face a strict financial regulatory system. In most countries and regions, exchanges and banks are regulated separately. This means that even if the funds come from a licensed exchange, the bank still has the responsibility to conduct independent KYC (Know Your Customer) and anti-money laundering reviews.

For small transactions, this may not be a big issue. However, when it comes to large sums of money, it is difficult for well-known exchanges like Huobi or Coinbase to provide smooth large withdrawal services. There are multiple real cases showing that when account balances reach the million-dollar level, banks may politely ask clients to transfer funds and close their accounts in a short period.

This reflects a reality: the regulation of the international financial system is not as lenient as some people imagine. On the contrary, once the risk control mechanism is triggered, the handling by overseas financial institutions may be even stricter.

Therefore, we should not easily believe those overly simplified statements. Each person's specific situation is different, and the cross-border transfer of large amounts of funds involves complex legal and regulatory issues. Before making a decision, it is advisable to thoroughly understand the relevant policies and risks, and seek professional advice when necessary.

The development of the Crypto Assets field is changing rapidly, and the relevant regulatory policies are constantly being adjusted. For investors, staying vigilant, complying with regulations, and making rational decisions is the wise choice.