Puerto rico banks are good to use with EU company? Risks?Thanks for feedback. I guess this is why I recommend an EMI sadly. Take what you can get out here. The other banks in Puerto Rico....well you take the risk over an MT or even Bankera.
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In my opinion no unless you want to avoid CRS. Risks? Look at Euro Pacific Bank and nuff said
.Dont understand what you mean. If my company is in Europe and I am going to pay taxes hereIn my opinion no unless you want to avoid CRS. Risks? Look at Euro Pacific Bank and nuff said
PR banks are not suitable?
If you open an account in a bankrupt third world place like PR it does not matter where your company is. Your money is not safe ultimately safe is what I am saying. You basically accept the risk in exchange for access to banking you cannot get elsewhere.
Puerto Rico formally exits bankruptcy following largest public debt restructuring
The exit means the local government will resume payments to bondholders soon, but officials say it's unlikely the island will regain immediate access to financial markets.
www.nbcnews.com
You think PR is bad place even when they say that they are US regulated? I mean what do you think what is better decision if we need to choose PR banks or EMIs in europe?If you open an account in a bankrupt third world place like PR it does not matter where your company is. Your money is not safe ultimately safe is what I am saying. You basically accept the risk in exchange for access to banking you cannot get elsewhere.
Puerto Rico formally exits bankruptcy following largest public debt restructuring
The exit means the local government will resume payments to bondholders soon, but officials say it's unlikely the island will regain immediate access to financial markets.
I am going to choose many options but anyway what do you think if I have to choose? Thanks
And why CRS matters? Can you explain please
Choose the better regulated place.With crypto anything can happen to the bank or EMI and you want a decent regulator that will at least ensure you get back your money eventually.
Always just spread the risk around. Don't keep all your eggs in one basket. So if you do end up with a EMI in Europe and a bank account in Switzerland and Puerto Rico your far better of than using any one entity.
It does not matter to you, I was highlighting that people that use PR banks generally are trying to avoid CRS reporting or have shady or high risk activity that no other location will accept them. PR bank is never a first choice for any normal business....lol
Hey!
Do you have experience with using dubaiotc's services? i've only used coinsfera, but there rates are significantly higher.
thanks for sharing.
quick follow-up, do you use their services directly or via binance?
hey man I did directly, sent USDT to an address they gave me.
I know they use Binance P2P too but I didnt use it with them
Hey man if you are still looking for this, I have a great great plan. my friend has an exchange and wallet. it can be win win.
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