1. Transferwise does not report anything under CRS AEOI as of 2019; they do comply with information requests from CRS member states. They do report US persons under FATCA. It's highly likely TW will start to report under CRS AEOI as of 2020 or 2021, so it will not be a viable long-term solution.
Scary but agree, next recession would make crypto great againCRS reporting is residency/tax residency reporting only.
However its only a matter of time before CRS goes down passport reporting also like FATCA. I am sure plenty of cash strapped countries would want to know what cash their non-resident nationals are holding abroad . Especially those who took flight like the 10,000's of millionaire that ran from France.
I think the end game is this. All CRS countries agree to a new US style passport reporting and a new taxation based on nationality to help fight wealth flight. At the same time they agree to a 50% tax over all assets a citizen holds if they revoke their citizenship...i.e a new OECD exit taxation . The end game is scary .
P.S They already have very similar policy in place for U.S Citizens