Netizen submission:
I have been struggling in the Philippines for five or six years, and recently I have actually been worrying about this matter. I also want to hear everyone's opinions and exchange ideas together.
1. The money earned is transferred back to the domestic account (this method is least recommended, as long as it is investigated, this is evidence)
2. Send cash back to the country (this is possible, but the premise is that you are prepared to live in the country in the future, otherwise it will be troublesome to try to move it out again)
3. Open a bank abroad, such as in Hong Kong and Singapore (this method is feasible, but if you just open an account and deposit money. But if you do not live in that country, there is a risk of your bank card being frozen in the future)
4. Settle abroad, buy a house, buy a safe, and keep the money at home (I agree with this, but there are also risks)
5. Store in cryptocurrency, store in USDT (this is also feasible, convenient to take away at any time)
If you are planning to live back in the country in the future, my advice is to send cash domestically. Like me, who is not planning to return to the country, I use methods 4 and 5.
But one thing you must remember, whether you are planning to live back in the country or settle abroad, the money you earn belongs to unclean money (no legal source proof) and you will still need to find a way to launder it in the future, such as investing in real estate, investing in US stocks, etc.
I wonder how you brothers who are striving in the Philippines and Southeast Asia protect your financial security and how do you launder your money? It's time to consider this issue. It really doesn't matter how much money you have. If you think you earn too little to consider this, then it's a problem with your perception (such people may be exploited in the future).
