Does Binance is CRS compliant and report in EU ?

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bizman

Corporate Services
Mentor Group Gold
Is someone aware of if Binance is CRS compliant and report EU account holders if they use their trading platform?

If so, what alternative trading platforms are there?
 

wellington

Entrepreneur
Kraken is US based, just remember that, the DOJ loves going after low hanging fruit for tax evasion or providing the information to other countries in exchange for support on extraditions etc lol

As for Binance, they are throwing anyone and everyone under the bus, so CZ doesn't end up in the clink for all his prior activities or that of Binance.
 

johndunham

New member
Does it really matter what they tell you? I wouldn't trust any of these exchanges on their word, most are founded by shady people / semi-criminals. No, wouldn't trust Kraken neither.
 

pipona

Entrepreneur
Mentor Group Light (Private use!)
Kraken is US based, just remember that, the DOJ loves going after low hanging fruit for tax evasion or providing the information to other countries in exchange for support on extraditions etc lol

As for Binance, they are throwing anyone and everyone under the bus, so CZ doesn't end up in the clink for all his prior activities or that of Binance.

probably should avoid Kraken and stick to offshore exchanges like Binance if you are at all worried about CRS

 

wellington

Entrepreneur
probably should avoid Kraken and stick to offshore exchanges like Binance if you are at all worried about CRS

Binance are bending over backwards as there's so many ongoing investigations and he doesn't want to get indicted... so actually under the table you can be certain data is being shared... also Offshore, in crypto doesn't appear to have the same pre-emptive rights/protections as offshore stocks, brokers etc, ergo, the US enforces its laws on overseas exchanges in crypto, whereas they do not enforce their laws on overseas traditional exchanges, brokers etc where american's buy from them, i.e a american buying stocks listed on the SET (Thailand), full under the jurisdiction of the SEC of Thailand, whereas an American buying on 'Satang' (Binance technically under some shell corps) falls under the SEC US jurisdiction, so IRS, etc
 
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