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Questions tagged [overseas remittance]

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CherryBlossomBloom CherryBlossomBloom Sat Sep 07 2024 | 7 answers 1001

Can bitcoin be used in overseas remittance?

Could you elaborate on the potential use of Bitcoin in overseas remittance? Is it feasible to utilize Bitcoin for international money transfers, and if so, what are the advantages and disadvantages compared to traditional methods? Additionally, are there any regulations or legal considerations that individuals and businesses need to be aware of when using Bitcoin for overseas remittance?

Can bitcoin be used in overseas remittance?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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