Recent content by bwy

So can you do a Binance withdrawal to IBKR considering it shows up to them as a transfer under your own name?

If you have the option, Spanish every time. Malta is a known CBI passport. That said, Malta is still an EU passport and works fine — but if you have the choice, Spain is the better passport.

Live in any tax-friendly country and invoice as a marketer. If you’re keeping the leftover balance from a stream, treat that amount as payment for promotional services and create your invoice accordingly. No need for complex structures.

Is the Mercury account under a U.S. LLC that's owned by you personally (as a Dubai resident), or by a Dubai-based company? And is the Wio account under your personal name (as the owner of the U.S. LLC), or under a Dubai company that owns the LLC? These details can make a difference in how the...

I keep hearing that cashing out crypto directly into a UAE bank account is difficult, but that using crypto to buy property is much easier. For those who’ve done it: How straightforward was the process? What kind of Source of Funds (SoF) were you asked for during the purchase? Did you buy...

What is the SOF (Source of Funds) check like with ENBD? Do they verify your actual crypto holdings and trading history, or is it better to be creative and avoid mentioning crypto directly?

Wondering the same. Anyone cashing out crypto to a UAE bank successfully?

What was the total cost?

It’s like Tether/Circle — you need KYC to mint or redeem from the source, but you can swap in and out freely on-chain via DEXs like Jupiter with no KYC. For example, I can swap $100K USDC into USDY on Jupiter, no KYC. Hold it, let the yield accrue, and swap back out to USDC whenever.

Is Xapo to IBKR still working?

Is anyone successfully cashing out from Rain to a personal UAE bank account? Especially for large amounts? I’ve heard that Nexo → UAE bank works well, since Nexo provides a personal IBAN and the transfer shows up as a personal deposit. Curious to hear how others are handling their off-ramping...

Has anyone looked into USDY by Ondo Finance? It’s a tokenized version of short-term U.S. Treasuries. Assets are managed by BlackRock, fully audited, and it’s available on-chain (Solana, Ethereum). You can swap in and out like any stablecoin, and it offers ~4.35% APY — with the yield built into...

Have you or someone you know actually gotten this setup? What was the authorization process?

If he went from Austria to Dubai, then tried to cash out after getting residency etc, would the banks/offramps ask for his tax residency during the other years? Considering it is multi millions

Who is the best provider now to form a company for visa/residency purposes?