Buying and selling cryptocurrency and getting your bank card blocked when withdrawing money?

Source: Mankiw Blockchain Law

01 Problems encountered by card owners

Because several card owners have similar experiences, I will To sum up, the problems we all encounter have the following commonalities:

First, although it is an on-site transaction, we encounter buyers who are unreliable or even have ulterior motives. And use a third party’s bank card to make transaction transfers.

Second, the origin of the funds actually received by the card owner is unknown. It was not until after it was frozen that he was notified by the public security agency that he was a victim of a fraud case and other related criminal cases. funds, that is, the property involved. Moreover, the funds involved in the case actually only account for a part of the funds in the card, but you cannot withdraw a penny from the bank card, which is equivalent to the entire amount being frozen.

Third, bank cards are often frozen by police in other places. For example, the card owner is in a city in the south, but the freezing agency is the police of an unfamiliar district or county in a northern province. The long distance also adds various difficulties to the card owner when unfreezing.

Fourthly, when discussing the unfreezing matter, the public security officers asked the card owner to voluntarily "return the stolen goods." Whether the card owner actively contacts the freezing authority to seek an unfreezing, or receives a notice from the public security, the card owner is almost always asked whether he is willing to return the funds involved to the victims of the relevant cases.

In addition, card owners will also encounter some more specific and specific problems, which sometimes cannot be solved in a timely and appropriate manner by themselves. This has also caused card owners to have their bank cards frozen for longer and longer periods of time. It all happened last year and the year before.

02 What should you pay attention to during the thawing process?

What should you do if you encounter a situation where your U card is frozen for on-site trading? What should you pay attention to when unfreezing it?

1. Keep transaction records in a timely manner. When trading on the floor, there will be records of the counterparty’s basic information, transaction bills and other records on the platform. For the "problematic" transaction, card owners remember to promptly contact the buyer's platform at the time and take screenshots of the relevant records as basic materials for future unfreezing.

2. Keep in contact with the card freezing authority and actively explain the situation. Some police officers require card owners to submit written explanations, and some require card owners to bring a series of materials such as identification documents to the scene to make notes. No matter which method is used, the public security organs are actually investigating in accordance with the law, and the card owner is required to give a detailed explanation of the transaction event and his or her own situation. If the expression and explanation are not comprehensive, it is actually the card owner who "suffers".

3. Think carefully about returning stolen goods. In fact, no one is willing to refund money to others "without reason". However, in interlocking incidents or cases, combined with the procedures of judicial organs, all parties need to find a solution that balances interests and reaches consensus.

4. Even if thawing is blocked, don’t completely “rotten” it. If the card owner completely puts the bank card aside, it will actually delay our own time. On the one hand, we will never be able to use the card, and on the other hand, other bank cards may also be frozen, making things more and more difficult. Solved troubles.

Card owners always say that it is difficult to unfreeze the card and they will encounter many problems. In fact, the handling method and attitude are very important, including the preparation of materials, communication with the card freezing authority, understanding of legal issues and judicial procedures, etc. All will affect the efficiency and effect of our thawing.

Don’t be afraid if you encounter difficulties. You can also seek help from professionals in time during the process of unfreezing your card. We hope that everyone’s unfreezing problem will be solved soon!