Recent content by Banker89

I am sorry but I understand it is in beta. If it has been around for 4 years, sorry I missed it... So then there must be lots of people with experience of it. Can anyone comment if it works well, what their KYC is like, whether it would be a solution for people who are more interested in the...

We used Webmoney years ago, but most people seem to be using crypto instead these days. Webmoney works through exchangers, like crypto, so exactly what docs are required depends on the exchanger you use. However many of the exchangers are linked directly to the owners of Webmoney. Probably yes...

I just discovered this and wonder if anyone has used it yet? Stripe Atlas: The best way to start an online business Basically what they are offering is to open a US corp, with bank account and merchant account, from anywhere in the world with no need to travel to US. It sounds interesting...

I would suggest simply to start a lawsuit against them claiming compensation for your losses. Forget about class action lawsuits as they will be too complicated to organize. The good thing is in Latvia lawyers are not too expensive.

Revolut only have a skeleton staff in UK. If you check their registered office address in UK 9th Floor, 107 Cheapside, London, United Kingdom, EC2V 6DN it is the address of a law firm, same address as Stripe UK and Coinbase. Most of their staff is in Poland and Russia. These people are not...

If you have a Delaware company, want to sell by e-commerce, and are happy to pay taxes on profits (or move to a zero tax jurisdiction) then why not just open a USA bank account? You will find it works out cheaper and more convenient even if the set-up costs are a bit higher. If Stripe supports...

I know several people who did eventually get their funds out of Rietumu over the last couple of months. You need an account in the same company name in an EU - OECD country, and you need to make sure your company is up to date with apostilled documents. I suggest not to sign any deals but just...

There are crypto friendly EMIs, for example Mistertango. And honestly the majority of normal banks do not care if you send and receive funds from a reputable crypto exchange. Since this is the case, why would you want to move money between crypto exchanges and non-crypto-friendly EMIs?

Some banks in Northern Cyprus offer direct Turkish IBAN numbers so it looks like an account in Turkey. Turkey is not in SEPA, but works for sending and receiving wires via SWIFT.

I also got a similar message when trying to pay with Paypal. I just took an average BTC exchange rate and sent over the BTC and got upgraded pretty quickly... thanks admin ;)

St Kitts-Nevis is whitelisted in Venezuela. I suggest Nevis company with any offshore bank account. Don't give up... there are still plenty of options.

Yes, very strange question, 99% of activities do not need licences. You only need a license if you want to run a bank, casino, pharmacy etc.

I guess for this reason he was asking for a bank account not a European EMI account. Most banks everywhere in the world still accept third party USD wires. A personal account should be easy enough.

Martin, to be fair, this is a structuring matter. It is nothing to do with BVI per se. What you say applies equally to Belize, Cyprus, England, Comoros, you name it... any reasonably sophisticated tax authority will claim jurisdiction over any foreign company that appears to be administered from...

BVI is a great jurisdiction for people looking for respectability (easier to open bank accounts maybe). It is too expensive and compliance-intensive for smaller businesses that just need a regular IBC.