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Emi have CRS?

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Obelix

New member
Thx for help, i was not sure about emis
Crypto exchange as kraken, bitstamp,coinbase.... ask for passport and utility bill, they inform too? where ? passport countrie or bill countrie?
if its bill would be nice gave another countrie ))
 

Obelix

New member
So now the thing have to be what goverments do, as i have problems on my country and if have money on bank very possible take my money, and have some emis with some money (very little) and never took, never goverment wrote me about this money....
 

ikan

Active Member
It was testimonials on other post that some guys got CRS reported by EMI. Later Tax man open an enquiry .... about funds stored in EMI.

Obelix in your case : maybe you already got CRS reported or you will this year. Maybe your funds are small and tax man is busy inquiring bigger fishs. Maybe the reported Datas were not processed by your home country tax autorthy.
And many more maybe...
 

Garret Gates

New member
How these EMIs can report to national tax authorities if they don’t ask TIN number, or they are reporting by email having the copy of my pspt?
 

ikan

Active Member
under pressure with regulators, bank partners, and more, some not all EMI comply and report CRS without TIN. Some banks in Non CRS juridiction also report without TIN.
If needed or when needed your local tax man or special branch of your tax authority can extract / sort out the data with special softwares...
 

Obelix

New member
in my case, some emis (true not big money) have years, and never had problems, but of course perphas tax authority here busy with bigger fish, or just luck, understand
 

Admin

Forum Moderator
Staff member
in my case, some emis (true not big money) have years, and never had problems, but of course perphas tax authority here busy with bigger fish, or just luck, understand
I would not relay on it, you may check some of the other threads around OffshoreCorpTalk about CRS and EMI's - some say that you can use Russian EMI's which don't comply to CRS or other reporting, there was even posting about Transferwise and another US EMI.
 

RemcoL

New member
If EMI gives unique individual IBAN or USD accounts (or in any other currency) they have to participate in CRS. For example, BlackCatCard already asks users for tax numbers. EMI like Payoneer gives users pooled accounts (i.e.user account is a reference number and all users money are kept on same account managed by EMI) and these accounts technically are not to be reported now. When OECD will be satisfied about CRS then they will come to pooled accounts, sure...
 

Obelix

New member
If EMI gives unique individual IBAN or USD accounts (or in any other currency) they have to participate in CRS. For example, BlackCatCard already asks users for tax numbers. EMI like Payoneer gives users pooled accounts (i.e.user account is a reference number and all users money are kept on same account managed by EMI) and these accounts technically are not to be reported now. When OECD will be satisfied about CRS then they will come to pooled accounts, sure...
understand but pool accounts im not sure good for withdrawal from exchange
 

RemcoL

New member
There are not many EMIs which give pooled accounts. Payoneer seems to be quite reliable but prohibits all activities connected with crypto and you can't recove or send money card-to-card using Payoneer cards - when Russian government forced Mastercard to stop issuing cards for Russians outside Russia thousands of freelancers searched for way to do anything with the money but could only go to ATM's or tranfer to their accounts in Russia.
 
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