Hi all,
I have dual US/Russian citizenship and need help setting up an offshore company/bank account that will deal with both crypto and wire transfer payments. Basically, I will be buying merchandise with crypto and getting paid via wire transfer once said merchandise is sold.
In order to do this I need to find a bank that will allow me to send weekly wire transfers to major crypto exchanges (Kraken, Binance), while also receiving wire transfers from companies as payment. The amount will be around 50k per week incoming/outgoing. I'm concerned about banks closing my account since this is an unorthodox way of transacting business. From what I've read on this forum UAE and Malta seem to be more welcoming towards businesses that transact in crypto. Any help as far as crypto friendly banks, jurisdictions, or any general advice on this matter is much appreciated!
I have dual US/Russian citizenship and need help setting up an offshore company/bank account that will deal with both crypto and wire transfer payments. Basically, I will be buying merchandise with crypto and getting paid via wire transfer once said merchandise is sold.
In order to do this I need to find a bank that will allow me to send weekly wire transfers to major crypto exchanges (Kraken, Binance), while also receiving wire transfers from companies as payment. The amount will be around 50k per week incoming/outgoing. I'm concerned about banks closing my account since this is an unorthodox way of transacting business. From what I've read on this forum UAE and Malta seem to be more welcoming towards businesses that transact in crypto. Any help as far as crypto friendly banks, jurisdictions, or any general advice on this matter is much appreciated!
