1.Register with paxos.com (company resides in nonCRS/USA country)
2.give them CRS passport
3.send $PAX from your walleyt/exchange to paxos.com account
4.trade $PAX for USD
5.open bank account in non-CRS country
6.Withdraw, get a credit card you can use overseas.
I thought so. What if you withdraw USD from exchange?
My guess is that it matters where the exchange is. Bittrex is in USA (non-CRS) so it would be good if you are not American.
Also with CRS, my understanding is that they only report your fiat holdings on the last day of year or what you...
There would be records of your money going to Mt Gox. There would be blockchain data with time stamps to roughly show you moved BTC to your wallet. I'm sure this would be enough information. If not reverse the funds, buy BTC back from exchange and cash out at another bank in test amounts until...
How do you send fiat from exchanges when you don't have local ID? Exchanges normally want you to prove your residence before they will send to your bank.
What will happen if you give the exchange CRS passport, CRS driver's licence (let's say CRS country is South Korea) but then you ask them...
100k USD investment seems too expensive for me. For 50k more you get citizenship in St. kitts and Nevis and passport all within 90 days. I guess it all depends on what happens in the crypto market. A person that makes 3+ million won't care about dropping 150k for something that let's you have no...
Thanks for reply. There's really nobody talking about this (openly at the moment).
I've been in crypto since 2017 and everybody's solution is just to move to country X where there is no crypto tax without taking into account of CRS/FACTA.
I'm sure one of two big banks are ok with USD being...