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 ?

 

[Lobster095]

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

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

 

[Lobster095]

You need P2P

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]

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.

find a trusted company willing to do it for you.

 

[forward]

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?

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

 

[offshoremaster17]

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

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

 

[Mary P]

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

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