Exchange USDT to USD to HK company

[Lobster095]

Hello everyone.
Please advise the cheapest and correct way to exchange USDT for USD with withdrawal to a company account in Hong Kong. How do banks treat the receipt of money from a cryptocurrency exchange? The Hong Kong company trades in IT equipment. Maybe some licenses are needed for such operations?
Thanks

 

[ImKing]

What is wrong with Binance and Kraken if I can ask ?

Toggle signature
Do you want a total anonymous company with bank account? Get a step by step guide on how to do that here, it only requires mentor group gold.

 

[Lobster095]

ImKing said:
What is wrong with Binance and Kraken if I can ask ?
Click to expand...

I have never done this before so I have no experience. I have always used a personal account and now I need to send fiat to a company account. Can Binance do this? Do they send money to the company account in the HK? How do banks view such payments?

 

[JohnnyDoe]

You need P2P

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[Lobster095]

JohnnyDoe said:
You need P2P
Click to expand...

But with P2P we don't know from which company we will receive money and for what. Goods or services. The bank will have questions.

 

[offshoremaster17]

Lobster095 said:
But with P2P we don't know from which company we will receive money and for what. Goods or services. The bank will have questions.
Click to expand...

find a trusted company willing to do it for you.

 

[forward]

Lobster095 said:
I have never done this before so I have no experience. I have always used a personal account and now I need to send fiat to a company account. Can Binance do this? Do they send money to the company account in the HK? How do banks view such payments?
Click to expand...

any reasonably licensed vasp can do an otc b2b conversion for you.

 

[offshoremaster17]

forward said:
any reasonably licensed vasp can do an otc b2b conversion for you.
Click to expand...

Vasp are all getting expired in the coming months for mica btw

 

[Mary P]

offshoremaster17 said:
Vasp are all getting expired in the coming months for mica btw
Click to expand...

Actually, most of the VASPs will have a transition period.
In Poland, for example, VASPs may operate under existing provisions until mid-2025, but new MiCA license applications must be filed by May 1, 2025.
For the Czech Republic, the transition period will be till July 1, 2026