CRS, Offshore Bank, EMI, Pre-Paid, Crypto Summary

[Hotzplotz]

After reading this forum, my conclusion for using non-CRS/ secret payments".
Use case: would like to make smaller payments like 400 EUR per month.
Receiver has a crypto account and can cash it out easily. I suppose he has KYC for cashing out.
He is in a different country.

Options
1) Prepaid cards:
Problems:
a) You cannot be sure which information providers share with the government.
Difference might be if there is an account with it. Pure prepaid cards might be exempt from reporting.
https://www.offshorecorptalk.com/threads/swiss-bankers-prepaid-cards.38794/#post-230167
2) Crypto,
Problems:
a) CARF data exchange goes live in 2027.
https://www.oecd.org/en/publication...y-to-crypto-assets-an-update_b33c9aa1-en.htmlb) Movements between CRS bank account and crypto broker.

3) Electronic money / EMI:
a) Again you cannot be sure what they exchange.
https://www.offshorecorptalk.com/threads/zen-com-and-crs.45465/
4) Non-CRS countries like Serbia
a) Problem is how to get the money in and out this country and
b) what happens when they join CRS later?
https://www.offshorecorptalk.com/th...to-bank-in-as-of-july-2024.45374/#post-310269
5) Crypto with cash / Crypto ATM
Problem:
a) high fees
b) limited amount (in my case ok)
c) and CARF at the receivers side. (see 2)

6) Cash
Problems:
a) Personal encounter required.
b) Limited withdrawal amount (in my case ok)

7) Middle Man / P2P, send via crypto
a) find middle man
b) fees
c) Prefer cash for middle man.

 

[daniels27]

400 EUR per month? You can just use anything, nobody cares.

 

[Hotzplotz]

The amount will rise with time, this is just for a start. expecting 3 times next year. again more later.

Again to clarify: Funds from one western European country to an Eastern European one. Both CRS.

Let me give my opinion (see reasons above):
1) Prepaid cards no option.
2) Crypto is an option only if both sides without KYC, but this will die sooner or later. --> nope (unless somebody tells me something different).
3) EMI will report sooner or already now. -> nope
4) Non-CRS countries too complicated, and might die --> nope
5) Crypto ATM seems to be an option , given that receiver still has lax controls, for now...
6) Cash is king, up to 10K when crossing borders. -- > OK
7) P2P transactions via CRC banks/PayPal only limited amounts, Middle man via cash is OK