Binance asking questions

[JohnnyDoe]

I just received this request from Binance. Is it a standard one or should I be worried?

 

[Sols]

Binance is cleaning up. This is probably a part of that undertaking.

 

[Martin Everson]

What is this BS now.

Whose asking for 2023 tax statement when we are still in 2023...lol????

 

[Sols]

What is this BS now.

Whose asking for 2023 tax statement when we are still in 2023...lol????

Hey, cut them some slack. It's their first time doing basic KYC.

 

[Konstanz]

Hey, cut them some slack. It's their first time doing basic KYC.

So true. After years of non compliance first baby steps. I am waiting to see how MICA regulation would influence them.
It will be no child game anymore. Will have to have proper licenses other way will loose them

 

[JohnnyDoe]

What is this BS now.

Whose asking for 2023 tax statement when we are still in 2023...lol????

I guess they refer to 2022fy filed this year.
Anyway I sent them a bunch of docs dating all the way back to 2013. I was already verified though, I am using binance since 2017.

What is this ACE shitcoin they airdropped? I just made $4k out of nothing.

 

[wellington]

I just received this request from Binance. Is it a standard one or should I be worried?

View attachment 5842

SAR gonna be filed and US gov will take a peak.

 

[JohnnyDoe]

SAR gonna be filed and US gov will take a peak.

A SAR is filed when there is some activity to report

 

[jafo]

I just received this request from Binance. Is it a standard one or should I be worried?

View attachment 5842

What other financials?
Are you supposed to guess the fantasies they hallucinate in their heads?

 

[void]

will binance survive 2024?

 

[jafo]

will binance survive 2024?

100%! They are now a US honeypot and will probably be acquired by a US company! Maybe Coinbase, Kraken, or even the likes of Blackrock (or a spin-off).

 

[JohnnyDoe]

What other financials?
Are you supposed to guess the fantasies they hallucinate in their heads?

I reply to random questions with random documents, usually it works.

 

[wellington]

A SAR is filed when there is some activity to report

no, they are filing now... didn't before thats the look back team ...

 

[JohnnyDoe]

no, they are filing now... didn't before thats the look back team ...

Relax, no need to be paranoid.

 

[Martin Everson]

When Binance is asking for your tax return they are likely doing basic due diligence specifically to check if you are committing tax evasion . Otherwise they would ask for basic source of funds.

I can't remember if your still in Italy or left - maybe I am wrong....lol. But could also be standard tax office request such as what HMRC did to Coinbase for all UK residents who made withdrawals over £5,000 in fiat during 2021.

https://www.reuters.com/markets/us/binance-registers-with-italys-regulator-amid-plans-expand-europe-2022-05-27/

 

[JohnnyDoe]

I’m paying the flat tax in Italy so I’m covered. Let’s see if binance likes the 2-pager tax returns form with just the €100k payment shown.

 

[void]

I’m paying the flat tax in Italy so I’m covered. Let’s see if binance likes the 2-pager tax returns form with just the €100k payment shown.

that's waaaay better than zero tax... nothing to question
keep us posted, I'm very curious

 

[Konstanz]

that's waaaay better than zero tax... nothing to question
keep us posted, I'm very curious

It's not zero but 100k eur/year

 

[void]

It's not zero but 100k eur/year

I know - that's why I say that it's way better than telling Binance "I pay no taxes"...

 

[Konstanz]

I’m paying the flat tax in Italy so I’m covered. Let’s see if binance likes the 2-pager tax returns form with just the €100k payment shown.

Let's say one has this 100k regime. You live in Italy ant have BVI company. So you still pay tax for this BVI company because it's "managed in Italy" ?
This "foreign source" income is not explained what it is.

How about crypto trading. If you live in Italy and trade , so this does not cover these 100k?