Interesting.
Could you help with some questions?:
Is it correct that UAE banks compliance much more OK with money, received via P2P crypto to fiat trade through paper agreement than from crypto exchange?
Can seller ask for bank transfer payment or it’s cash only?
What is total cost of such...
Interesting. Could you explain a bit about «buyers”?
I mean there are Kraken (international exchange with UAE financial services permission since 2019), BitOasis (local exchange seeking UAE regulatory approval) and others.
Selling crypto you don’t know who’s going to buy it on these exchanges...
And if I am just hodler? Early adopter whose investments in crypto are 1 - 4 years long. No speculative trading. Just buy and hold.
From time to time I want to cash out some amounts to bank.
Will banks react negative?
Hello everyone.
I have couple of banks in mind (Swiss and UAE) to set up account. Main purpose - cash out crypto to fiat.
What is better: 1 - to be proactive and discuss with bank main purpose, show all the proof of legality of my crypto, solve all the possible questions upfront. To prevent...
Great.
Since you mentioned Kraken: Am I understand correctly that Kraken received in UAE its financial services permission in December 2019?
Is it helpful for seamless withdrawals to uae banks?
Hello everyone!
I’ve received Emirates residency and looking for crypto-friendly bank in UAE to set up account.
Despite I can provide proof of legality of my crypto and fiat funds there was information that not all UAE banks like transfers to/from cryptocurrency exchanges for whatever reason...
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