How is a regular bank different from a third-world bank when it comes to fake documents?
A trade history is gonna be a .csv file most likely anyways.
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Can't cash out my crypto and live my life...
- Thread starter mariodraghi
- Start date
A trade history is gonna be a .csv file most likely anyways.
Almost 0 chance you can find someone to sell you those coins.
Block rewards used to be 50 BTC per block, the guys who have those probably already sold or are way too rich to bother doing something like this.
On the other hand, if anyone's willing to sell their profitable trading history as a .csv file + screenshots I'd be more than happy to discuss it.
Hey mariodraghi, been in that situation, feel your pain 
Care to state your location (as precisely/vaguely as you can)? At some places it's easier to buy a real estate, at some places you would not be able to do it without passing SoF checks with a local bank. Also are you ready to pay tax on the whole amount in your country or you'd like to avoid that (much more difficult and will involve moving probably)?
Care to state your location (as precisely/vaguely as you can)? At some places it's easier to buy a real estate, at some places you would not be able to do it without passing SoF checks with a local bank. Also are you ready to pay tax on the whole amount in your country or you'd like to avoid that (much more difficult and will involve moving probably)?
Hey Meta, I'm in Europe (not Malta sadly).Hey mariodraghi, been in that situation, feel your pain
I'd love to buy real estate with crypto but where I'm located there's no such thing.
We barely have BTC atms.
I'm willing to move to save on taxes for sure, just not in a third-world country.
I would probably consider something like Malta or even Dubai + a US LLC.
The problem with this last part is banking, not quite easy to open a bank account remotely (that isn't an EMI) in the US.
For the amount of money I will be moving in and out of this bank account, it's probably best to get into something like Wells Fargo or Chase and then pay myself a dividend on a personal bank account.
At the end of the day, the main problem still remains trying to find a plausible explanation for how I accumulated my wealth.
in the world I live in this still works with 95% of banks
sure, but he has 5M big "problem"
Bank would still ask for source of funds, doesn't matter if the wire comes from a private entity or a public exchange
yes, 10 years old coins it's difficult but I don't think impossible
last 5 years pretty easy with 10% premium
I don't think it would solve your problem because you can easily be asked how did you pay for the ASICs and for the hosting etc.well if anyone's selling I'm happy to buy at +10% with an escrow
that's why you need virgin coins from the times where it's plausible you have done it on you PC
if you're interested anyway I can help you find the seller
Move your crypto to Nexo.com.
Borrow Fiat against your crypto as collateral.
You'll need a bank that will accept the inward transfer from Nexo.
I assume Nexo could recommend some for large transfers if necessary.
Alternative: Mt Pelerin.
It's always free to ask if they can help.
https://www.mtpelerin.com/crypto-otc-brokerage
We are a regulated Swiss financial intermediary and we process crypto-fiat transactions since 2018. We come from the crypto world and we know how to document your funds so that they can be accepted by a bank. What have cashed out funds coming from:
DeFi
Mining
Trading
Token sales
Bug bounties
Affiliate programs
If required, we can help you open an account in a Swiss private bank to cash out funds to, with no extra charge.
We will prepare your compliance file, and we will present it to the right partners within our network of private banks in Geneva.
Within a month from your first contact with us, your funds will be cleared on your newly opened private account.
Borrow Fiat against your crypto as collateral.
You'll need a bank that will accept the inward transfer from Nexo.
I assume Nexo could recommend some for large transfers if necessary.
Alternative: Mt Pelerin.
It's always free to ask if they can help.
https://www.mtpelerin.com/crypto-otc-brokerage
We are a regulated Swiss financial intermediary and we process crypto-fiat transactions since 2018. We come from the crypto world and we know how to document your funds so that they can be accepted by a bank. What have cashed out funds coming from:
DeFi
Mining
Trading
Token sales
Bug bounties
Affiliate programs
If required, we can help you open an account in a Swiss private bank to cash out funds to, with no extra charge.
We will prepare your compliance file, and we will present it to the right partners within our network of private banks in Geneva.
Within a month from your first contact with us, your funds will be cleared on your newly opened private account.
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No way! This HAS to be someone trolling us. This is the ONLY good answer! You want us to reinforce your believes. We do. Go ahead and follow the path you thought was correct!
Good luck!
It is NOT! I went toe to toe against the US DOJ on this! Lawyers tried to lie about this to shove fees, but there is NO way anyone with a little brain could fall for this BS!
Also, this guy is in Brazil (my powers of deduction - or maybe Italy and he calls Italy now 3rd-world; some people think this way or some place he has access to Italian news).
Here is the definition of money laundering in Brazil set by their Supreme Court:
Translation:
Law No. 9613 of 1998 describes the crime of “laundering” or concealment of assets, better known as money laundering, which consists of concealing or disguising the illicit origin of assets or values that are the result of crimes.
So, in a truth table for it to be money laundering the coordinating conjunction *and* MUST be satisfied.
concealing/disguising *and* illicit/result of a crime.
Example 1: If I sell my land to the US government, but don't tell anyone about it and conceal it, it is NOT money laundering because it was a legitimate transaction (by "law" the US government can't give me "illegal" money)
Example 2: If I sell my land to FARC, but don't tell anyone about it and conceal it, it is money laundering because it was an illegitimate transaction
Huge difference! There is a unanimous SCOTUS opinion that explains this in dozens of pages.
@JohnnyDoe
You both are 100% correct!
I find it SHOCKING that the "kid" is using the mug shot of Cesare Battisti (Cesare Battisti (militant) - Wikipedia ) as his profile pic.
I would have used a picture of a quokka or a poodle. I mean, why associate myself with a convicted militant who is serving life imprisonment in Italy (after extradition from Brazil) for, including but not limited to murder, money laundering, the big T, etc etc
Out of an abundance of caution, I would close the thread now.
This is extremely dangerous territory! None of us want smoke from or throw hands with the unnameable. I'm 100% dead serious!
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lol
I would rather avoid that scenario just like I'd like to avoid living in a third-world country. Just not my cup of tea, don't get so sensitive about it.
I'm here for advice, if I knew everything already I would have not come here.
Not sure what you are talking about in the second part of this sentence but anyway, I'm not from Brazil. I wish I was that cool.
I actually didn't know both of those criteria had to be in place in order for it to be money laundering.
I thought 1 of the 2 was enough.
BUT. Question for you...
If you get caught 'concealing' the origin of your funds don't you still have to prove you obtained those funds legally?
If yes, how is that any different than my initial question where I ask how to comply to the best of my ability with a Source of Funds/Wealth request by a bank?
I'd suggest cashing it out and then declaring it and paying the tax...
As for past actions, you'd likely find the Government amenable as you've just given them a shed load of taxes anyway and they can carry on with their merry go round of wasting the funds and debasing the currency.
Otherwise, move to a more amenable country, liquidate, but also run the risk of being targeted for tax evasion for the transactions you made whilst under the tax law of the country of your current residency.
As for tracing it, i'd imagine a 3rd party provider could trace your transactions quite far...
As for past actions, you'd likely find the Government amenable as you've just given them a shed load of taxes anyway and they can carry on with their merry go round of wasting the funds and debasing the currency.
Otherwise, move to a more amenable country, liquidate, but also run the risk of being targeted for tax evasion for the transactions you made whilst under the tax law of the country of your current residency.
As for tracing it, i'd imagine a 3rd party provider could trace your transactions quite far...
Quite a few OTC(s) in Thailand, all done through AMOL... *(AML)*
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Only the NASDAQ and Crypto has outperformed currency debasement back to 2013... why would you jump from the position you have into TradeFi and get ice-cubed?
Gold - 4% PA
Real Estate - 2.5% PA
S&P500 FLAT
etc etc
Third world banks usually don't have much access when it comes to corresponding bank relationships, so even if you cashed out into their shitcoin (currency) you'd likely have issues getting the money into the 1st/2nd world and get frozen or SARs which will cause a world of pain by escalating your current SoF issues. lol
Oh and don't do fake documents, thats bank fraud, money laundering, and likely international money laundering, oh and tax evasion, computer crime and so on.
Just cash out and pay the tax and pray the gov is just happy with their cut.
Adding to this, i've had 'access' to the Thai Gov FBI equivalent system for people in the country (foreigners).
Let me clue a few people in, the archive system of information they have in there connected to just about every aspect of a resident in Thailand (or tourist) would make the Gestapo proud.
And in Thailand AML, etc is a long prison sentence, besides they get to share the profits when the arrest goes down (that's the way they work).
*Its a nice lil earner*
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Ah ok. From my experience it will not help that much if you "find a plausible explanation" regarding transaction history and such. I guess it may be possible to find at least something and have a crypto-friendly bank that would accept it. But when you will try to buy real estate in Spain, for example (I was doing that, so first hands experience), the Spanish bank would want to do all the checks again... They would not be that crypto-friendly. When you will try to buy stocks you will discover that either you use the brokerage of your bank (bad and expensive if they have one at all) or transfer the money to IB and go through all the SoF checks again.
So my advice would be to think about injecting crypto in your business and that kind of things.
Wish you good luck anyway.
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