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Bitwala / Solarisbank as for masking exchanges/crypto from Revolut/Transferwise & Co?
- Thread starter jackfrost
- Start date
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- btc btc to euro
So don’t write that you know secret methods for doing stuff, just keep the secret for yourself and enjoy. Nobody needs to know that you are a smart guy.
It's not a secret, I've pointed out there is a method, but i am not putting publicly (as it may cease) and i am not sharing privately via DM with a stranger and being brought into some conspiracy, i've pointed out there is a method i suggest you use your head to work out what, where, how, and not your fingers to try and belittle.
not true at all, if you read around you will find a lot, repeat, a lot of qualified information. The forum is outstanding in the supply for qualified information and suggestion to situations you would pay thousands for to get from lawyers and tax consultancy. But of course, if your looking for how to crack a PayPal account or get verified on Twitter or get a merchant account for your replica or narcotic business you may suffer.
I can't talk for Bitwala etc
But for legitimate 'legal' non-obfuscated -non-illicit funds.
OTC Japan/Korea/HK (exchange backend) -> FE China Merchant Bank (Taiwan) -> EURO SEPA -> Euro Revolut/WIse/EUROPEAN Bank.
The OTC will do SoW/SoF, FE China is a international merchant bank they do the transactions for the licensed/regulated OTC.
Funds coming into Revolut/Wise/Europe (on SEPA rails) are checked -> verified (mentioned above) and don't come in as Crypto but as from Financial Institution.
https://www.feib.com.tw/english/index
As for why people are gated on here. I did a long winded post the other day.
If you are a legitimate person with a legitimate enterprise, in a world where organisations are dealing with a regulatory environment of hostility and a industry that is budding along is being tainted and thats the industry you have a interest in, at the same time strangers openly are looking to miss-use the systems around you the last thing you do is openly give pointers to said strangers because
1) You can be implicated in some form of criminal act.
2) You could see the enterprise you've suggested get ensnarled in some sort of criminal act which would have consequences to your enterprise logistics.
On this forum, there is at times too many new people joining with interest not in running legitimate offshore companies or lives but in laundering, increasingly they are spotted and shut down robustly these days.
I live in Asia, do business in Asia, at the time FE was core to ensuring our staff were paid, or operations covered.
Now not so much so the impact has been negated so I don't mind openly putting their name above.
Just to give an example.
1) - you make a suggested merchant bank.
2) - You get some nogging join the forum who's been told set up a belize company for tax reasons.
3) - Nogging doesn't realise setting up a belize company whilst living in the UK doesn't absolve the company from UK Corporate Tax or himself from taxes.
4) - Nogging uses recommended merchant bank, merchant bank looks into SoW/SoF from OTC/Broker/Crypto/ATS and all looks clean, no flags.
5) HMRC investigate Nogging
6) HMRC determine Nogging is one of thousands
7) HMRC looks at route of funds
8) HMRC determine Merchant Bank is aiding in tax evasion = thus = money laundering
9) HMRC with partners crush Merchant Bank
10) Merchant Bank(s) clients (all) now under suspicion due to Nogging and many Noggings using merchant bank
You can see where this is going.
Like i said in my long winded post the other day, these 'f**k-heads' need to move like those of us that have done and establish legitimate lines for their business to operate, not chance and taint legitimate enterprises and legitimate flows of capital by trying to run illicit operations (tax evasion is illicit).
Their short cuts impact the legitimate businesses that use the same services.
But for legitimate 'legal' non-obfuscated -non-illicit funds.
OTC Japan/Korea/HK (exchange backend) -> FE China Merchant Bank (Taiwan) -> EURO SEPA -> Euro Revolut/WIse/EUROPEAN Bank.
The OTC will do SoW/SoF, FE China is a international merchant bank they do the transactions for the licensed/regulated OTC.
Funds coming into Revolut/Wise/Europe (on SEPA rails) are checked -> verified (mentioned above) and don't come in as Crypto but as from Financial Institution.
https://www.feib.com.tw/english/index
As for why people are gated on here. I did a long winded post the other day.
If you are a legitimate person with a legitimate enterprise, in a world where organisations are dealing with a regulatory environment of hostility and a industry that is budding along is being tainted and thats the industry you have a interest in, at the same time strangers openly are looking to miss-use the systems around you the last thing you do is openly give pointers to said strangers because
1) You can be implicated in some form of criminal act.
2) You could see the enterprise you've suggested get ensnarled in some sort of criminal act which would have consequences to your enterprise logistics.
On this forum, there is at times too many new people joining with interest not in running legitimate offshore companies or lives but in laundering, increasingly they are spotted and shut down robustly these days.
I live in Asia, do business in Asia, at the time FE was core to ensuring our staff were paid, or operations covered.
Now not so much so the impact has been negated so I don't mind openly putting their name above.
__________
Just to give an example.
1) - you make a suggested merchant bank.
2) - You get some nogging join the forum who's been told set up a belize company for tax reasons.
3) - Nogging doesn't realise setting up a belize company whilst living in the UK doesn't absolve the company from UK Corporate Tax or himself from taxes.
4) - Nogging uses recommended merchant bank, merchant bank looks into SoW/SoF from OTC/Broker/Crypto/ATS and all looks clean, no flags.
5) HMRC investigate Nogging
6) HMRC determine Nogging is one of thousands
7) HMRC looks at route of funds
8) HMRC determine Merchant Bank is aiding in tax evasion = thus = money laundering
9) HMRC with partners crush Merchant Bank
10) Merchant Bank(s) clients (all) now under suspicion due to Nogging and many Noggings using merchant bank
You can see where this is going.
Like i said in my long winded post the other day, these 'f**k-heads' need to move like those of us that have done and establish legitimate lines for their business to operate, not chance and taint legitimate enterprises and legitimate flows of capital by trying to run illicit operations (tax evasion is illicit).
Their short cuts impact the legitimate businesses that use the same services.
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I will tell in some time if I manage to (re)open an account.
I am posting updates here:
Post in thread 'BitWala'
https://www.offshorecorptalk.com/threads/bitwala.28724/post-326686
Last edited:
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