What are the risks of the skyrocketing popularity of U-cards The usage of a U-card is similar to that of a bank card. Cardholders can directly consume or withdraw cash through the U-card without the need to exchange virtual currency for fiat currency in advance. However, tax avoidance through U-cards is actually not feasible and may also lead to tax inspections and penalties. In addition, in some countries with strict foreign exchange management, although there is no upper limit for personal access to U cards, the outflow of funds exceeding the foreign exchange limit will also violate foreign exchange management regulations. If discovered by foreign exchange management authorities, administrative fines may be imposed, and even crimes may be involved. read the whole passage: https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=47&id=37654