Question Dual Passport KYC CRS

yolo · Dec 10, 2024

Curious to know, if I have two passports one being Russian and another EU, I live in EU and use binance KYCd to my Russian passport. Does the EU automatally get my account and balance data for tax reporting?

daniels27 · Dec 10, 2024

yolo said:
Curious to know, if I have two passports one being Russian and another EU, I live in EU and use binance KYCd to my Russian passport. Does the EU automatally get my account and balance data for tax reporting?

No, if you did not tell your "bank" about your EU tax id, they won't be getting the information.

wellington · Dec 11, 2024

Cyprus are now using the UK to route out Russians, so if you are using a CIB Cyprus passport it might be prudent to obtain a new Citizenship (non Carib/European).

daniels27 · Dec 11, 2024

wellington said:
Cyprus are now using the UK to route out Russians, so if you are using a CIB Cyprus passport it might be prudent to obtain a new Citizenship (non Carib/European).

But he is using only the Russian passport. It should work without Cyrpus getting involved, no?

yolo · Dec 12, 2024

daniels27 said:
But he is using only the Russian passport. It should work without Cyrpus getting involved, no?

Correct

wachtwoord · Dec 14, 2024

yolo said:
Curious to know, if I have two passports one being Russian and another EU, I live in EU and use binance KYCd to my Russian passport. Does the EU automatally get my account and balance data for tax reporting?

Isn't CRS residency based anyway?

LegitBananas · Dec 14, 2024

wachtwoord said:
Isn't CRS residency based anyway?

it is

Revoltec · Dec 17, 2024

However, some information that can be extracted (if of interest) is place of birth and also the information received by the travel rule if OP sends money between accounts with different passports. Not to say this is checked regularly but in case of some additional investigation, you cannot hide.

The travel rule is more and more getting implemented by crypto exchanges.

Question Dual Passport KYC CRS

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