Recent content by PinkCat

Yeah not optimal for me, but the amounts you can do are fine for 95% of the people.

Considering the attitude now is negative, and there will be CHANGE, the only other direction is positive? I'm doing crypto related transfer even now in USD and EUR with US and EU banks. So there ARE crypto friendly correspondence banks, but not UAE ones.

P2P is an elegant solution to the ongoing issue of exchanges with banks. I'm surprised that more exchanges aren't doing it.

I hear UAE banks attitude toward crypto might change soon, anyone else heard something like that from reliable source? (mine is mostly rumour based)

What? That is crazy! So they clearly don't want any foreigners?

Good to know. Have you been SoFed before that though?

Were they able to do anything to them? Do you think the exchange will survive?

Well i specifically asked them to go through the SoF process in the very beginning before depositing anything, to avoid the inconvenience of having my account/wire out frozen for couple of weeks when they decide to do it on a whim but they denied and told me it will be done whenever needed. So...

OP has financial gain from investment in crypto, is that considered a profession and taxable? I would be extremely surprised if so and this will be the first time I hear it, so are you 100% sure? Sources? Sorry but deposing cash into your own company is not income, it is funding of your own...

Why are we involving the 9% CIT? OP is not a company and persons still have 0% tax on their income.

As if they are legit, they are OG in bitcoin terms. However their banking options are weird IMHO. - you can have only USD balance (from the fiat currencies) so if you are not long USD it is a no go. - to make it even more weird while your fiat balance is auto converted to USD, they don't...

relax dude, you haven't done anything outrageus, and this amount is not even considered significant in Dubai. If they were strongly suspecting you they would have frozen your acc first. Probably just some front desk staff did what the system requires at certain threshold to check a checkbox and...

my country doesn't have exit tax so in order to legally cash out without owing taxes how long i have to live in UAE before doing it? In most countries there is some period (statute of limitations) after which they can't touch you, does that apply in this case? Unfortunately I have one mortgaged...

They charge 500 eur for iban for personal accounts also. Also wires can be expensive since it's a %, not a flat fee. like 3k eur fee to transfer 1m. So I'm still on the sidelines about using them.

are there any precedents where they did infact examine mobile phone data? p.s. note to self, transfer your mobile phone contract to someone else.