Bitcoin intermedation

Discussion in 'BitCoins, ALTCoins, Exchange Services & Related' started by btcking, May 1, 2018.

  1. btcking

    btcking New Member


    I'm starting a cryptocurrency broker in Argentina. So my plan is this:

    1) Open a company in Seychelles (taxation in Argentina is one of the highest in the world).
    2) Open a bank account that supports both SEPA and SWIFT transfers (LeuPay for example, both they do not allow bitcoin intermediation).
    3) Send to that bank account (doesn't matter how), and then send to a validate account in Kraken for example.

    So, my questions are:
    1) What is the best location for the company (I thought of Seychelles but idk)
    2) What bank can meet my requirements (SWIFT is mandatory, but SEPA is negotiable).

    Any other advice will be welcome, and I'm a bit familiar with fiat to crypto transactions so if you have any question don't hesitate in asking. Thanks in advance.
  2. diablo

    diablo Banned Users Business Angel BANNED MEMBER

    Location for the company is good in Belize or Seychelles, makes sense.

    However, with the banking it's going to be complicated, you will need to make use of an EMI provider like Mister Tango, LeuPay, Revolut or similar service.
  3. Milky Moon

    Milky Moon Offshore Research & Development. Business Angel

    Crypto + Belize/Seychelles Inc = Guaranteed no bank account.

    Only route is either UK or Switzerland.

    Good Luck!
  4. Admin

    Admin Forum Moderator The Forum Cleaner

    Do you know a bank in the UK that will accept crypto biz?
  5. Milky Moon

    Milky Moon Offshore Research & Development. Business Angel

    No, but the FSA is relatively 'open'. So if you have an Ltd, no nominees and a transparent structure you might contact Fidor Bank.
  6. Portofino

    Portofino New Member


    Why do you say that?

    I see several crypto companies registered all over Europe with bank accounts in said countries operating in localbitcoins.

    Some examples:

    VitaliyDushnyy on LocalBitcoins.com
    Jdurian2 on LocalBitcoins.com



    Prokaur on LocalBitcoins.com
    negon likes this.
  7. moneromadman

    moneromadman New Member

    In the uk when using local BTC if you use a BTC reffernence the seller will normally delay release due to the extra hassle they may get from the bank. Many would close an account.

    I have withdrawn to Barclays UK many, many times from Kraken if that helps.
  8. Milky Moon

    Milky Moon Offshore Research & Development. Business Angel

    Localbitcoins are traders selling and buying bitcoins, not companies.

    You wanted a -company-
    You wanted low -taxes-
    You wanted a -bank account-
    You wanted -SWIFT-

    You can register an company everywhere, problem for you will then be 'tha bank account'. Banks do not like non-resident accounts that deal with crypto .. Money laundering gives license troubles and fines.

    Switzerland is crypto friendly, but expensive.

    It's for you to decide if you would rather pay Argentinian Taxes or Swiss consultancy fees.
  9. Portofino

    Portofino New Member

    There are also companies operating in localbitcoins.

    Those profiles I posted are from companies and not individuals.
  10. acetylsemax

    acetylsemax New Member

    This blog post says otherwise.

    Unless you have been living under a rock for the past few years you have no doubt been introduced to the world of crypto currencies and all the buzzwords that go along with it.​

    There seems to be a split between those who love the idea of a digital currency and those who are strongly opposed to it. But whichever side of the debate you find yourself on there is one inescapable fact that we should all bear in mind. Digital currencies are a new and exciting way to trade and they look like they’re here to stay.

    In their current form, crypto currencies have gone through a rollercoaster ride of ups and downs with many people making an absolute fortune off of their ability to read the market place and trade accordingly. However, their unregulated status and open source nature make traditional financial institutions uneasy as there is nothing to govern them (which some might argue is the point in the first place) and as a result have slapped heavy restrictions on their own customers abilities to buy and sell crypto currencies from their existing bank accounts.

    This is where LeuPay comes in. Unlike many traditional banks with an old-world view of finance, LeuPay is embracing the currencies of tomorrow by granting customers the option to freely transfer money to and from crypto currency trading platforms today.

    With the ability to offer unique IBANs across multiple currencies as well as a quick and secure method of transfer, LeuPay allows its customers to interact with a host of digital currency trading platforms.

    Here’s how it works.

    Step 1: Choose your desired crypto trading platform

    Step 2: Fund your LeuPay account with your desired trading amount

    Step 3: Go to the transfer section of your LeuPay account

    Step 4: Transfer your funds to your desired trading platform’s IBAN

    Step 5: Move your funds between your trading platform and your LeuPay account whenever you like

    Add to this a host of savings through transfer and administrative fees and you have a solution that really is a no-brainer when it comes to buying and selling crypto.

    The only question remains, when will you join in and start trading?
  11. Admin

    Admin Forum Moderator The Forum Cleaner

    What about Xapo just read something in the news about them holding $10 billion in bitcoin keys!