Hi there I saw a post you made about trying to find bank account for crypto trading and you were looking at Migom Bank. It was a while ago. Which bank you ended up going with as its something I'm trying to find myself.
This is a grey area I'm having difficulty with. HMRC talk about badges of trade to define what is income tax and what is CGT. Even accountants I spoke to seem to be fuzzy about this. Seems like HMRC don't want to define it as trading where possible. Apparently some case where a guy got his...
There seem to be different stances on where the best place is to register a company and open a bank account for a UK national to start crypto trading.
BVI and Dubai keeps popping up. Dubai has the crypto trading license but you have to move there to be tax exempt. BVI is apparently tax free...
Thanks for responding:
1) How do you know theres so many applications and that kyc is a problem?
2) As a veteran crypto trader, what other route would you suggest (i'm new to the setup in dubai)?
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