If you had 10m$ in Crypto right now

[Nanoo]

If you had 10m$ in Crypto right now but broke in FIAT.
How would you do to enjoy this fortune and get a millionaire lifestyle without getting flagged by banks and governments?

 

[UniversalMan]

Selling part for cash in meetings with people , you can rent luxury apartments , luxury hotels and pay with cash
buying car on a friends/family memebr

and use services that let you top up debit card with crypto

 

[niggashit]

That's funny question. You however can start your own EMI and be own bank.

 

[niggashit]

In USA, Everything is easy. All are pre-made. MSB licence maybe...

 

[UScorp]

In USA, Everything is easy. All are pre-made. MSB licence maybe...

What do you mean with easy in the US? A MSB Registration means nothing , you need to register in every state you want to do business in

 

[niggashit]

What do you mean with easy in the US? A MSB Registration means nothing , you need to register in every state you want to do business in

You don't need to do that unless there are real business going on. This person want anonymity so one state is enough. I'm not going to provide any Fintech platform here but he can use Google for that.

I hope this person is not the one with 10million in this article.

Criminals are racing to cash out their bitcoin. Here's how they're doing it.

 

[KJK]

If you had 10m$ in Crypto right now but broke in FIAT.

I wonder whether that means you had 3.5 times more one year ago

I think it depends on your philosophy - do you have any trust in crypto? What do you think the future can bring (crisis; large change; or everything stays the same)?
Also how much of the money do you actually need?

 

[void]

Two people (one of them is the active member of this forum) offered to me a creation of my own white label EMI provider
The setup would cost you less than 1% of your wealth (I'd bet you can pay by crypto ) and much less for the yearly fees. For this wealth it makes perfect sense to me - you can be the only customers of yourself, perfectly legit, under the radar.

 

[niggashit]

Make sure to use RippleNet instead Swift to be more UNDER RADER.

 

[sierra]

If you had 10m$ in Crypto right now but broke in FIAT.
How would you do to enjoy this fortune and get a millionaire lifestyle without getting flagged by banks and governments?

Set up in New Zealand.

 

[Nanoo]

Set up in New Zealand.

explain why?

 

[sierra]

explain why?

Still a country with rather ineffective banking laws allowing one to set up in the jurisdiction as a quasi bank, provided you have the right staff on the ground.

 

[UScorp]

You are talking about a NZ offshore Finance Company. Forget it. was popular and working a couple years ago. Now you need to show a office with experienced staff. Authorities will control frequently .Costs for rent/payroll, biz expenses are very high

 

[sierra]

You are talking about a NZ offshore Finance Company. Forget it. was popular and working a couple years ago. Now you need to show a office with experienced staff. Authorities will control frequently .Costs for rent/payroll, biz expenses are very high

And you labour under the assumption that someone with 10m in crypto couldn't afford to secure those staff? Your use of the term "control" suggests that you're in the east of Europe. If you kow what you're doing, and are properly versed in the ways of Australasia, its not hard.

 

[niggashit]

Russians

 

[void]

Your use of the term "control" suggests that you're in the east of Europe

:-D

 

[UScorp]

Someone with 10mio wouldn't be so stupid to open a Bank or EMI and buying problems

 

[niggashit]

You can't escape from Blockchain analytics. I just need to input wallet address, it extract whole history including Geo locations and IP address.

Best way is to start your own exchange. Only exchanges can do this

 

[sierra]

Someone with 10mio wouldn't be so stupid to open a Bank or EMI and buying problems

Hence my suggestion of NZ. It hasn't been run into the ground as yet, merely a case of finding the right staff and people who know the requirements (such as the need for a NZ or AU director).

 

[Nanoo]

You can't escape from Blockchain analytics. I just need to input wallet address, it extract whole history including Geo locations and IP address.

Best way is to start your own exchange. Only exchanges can do this

bitcoin mixing