Which EMIs right now are still doable and don't report CRS?

[DavidS]

Which EMIs would allow to send money to them (IBAN needed) and then transfer it to crypto exchange?

So stock broker->EMI->Crypto exchange.

Preferably without banking licenses as if you have bank license you have to share CRS.

 

[paleto]

none

 

[Tr0nad0r]

Preferably without banking licenses as if you have bank license you have to share CRS.

No accurate, even financial institutions without banking licenses might be required to report under CRS, e.g some users have shared that they've been reported by Lithuanian EMIs

 

[DavidS]

No accurate, even financial institutions without banking licenses might be required to report under CRS, e.g some users have shared that they've been reported by Lithuanian EMIs

Do you know if WISE reports being EMI?

 

[Forester]

Do you know if WISE reports being EMI?

Yes, as it is under UK jurisdiction and has UK EMI licence.
Btw, Wise is NOT crypto friendly, AFAIK.

 

[DavidS]

Yes, as it is under UK jurisdiction and has UK EMI licence.
Btw, Wise is NOT crypto friendly, AFAIK.

So WISE has to report CRS? Any idea which crypto exchanges WISE works with?

 

[dragosaurus]

With Wise you can receive payments from regulated crypto exchanges like kraken, it has already been discussed on this forum a few times. I recently received 5 digits amounts multiple times without problems.

Sending from WISE to crypto exchanges I don't know if its working, never tried but the other way around its working with platforms like kraken, bitstamp etc.

 

[DavidS]

With Wise you can receive payments from regulated crypto exchanges like kraken, it has already been discussed on this forum a few times. I recently received 5 digits amounts multiple times without problems.

Sending from WISE to crypto exchanges I don't know if its working, never tried but the other way around its working with platforms like kraken, bitstamp etc.

What about SENDING to Kraken, Bitstamp?

 

[dragosaurus]

What about SENDING to Kraken, Bitstamp?

I use Bankera for sending FIAT to crypto exchanges and works without a problem. I don't think its working with WISE.

 

[numibo]

Tasse e Conto Wise | Centro assistenza Wise

Sappiamo che le tasse possono essere complicate e stressanti, ma ecco come funzionano le tasse con il tuo conto Wise. Wise è tenuta a rispettare le leggi fiscali locali in ogni paese in cui operiam...

wise.com

No more nonsense. EMIs disclose tax information only at the request of the tax authorities.

 

[DavidS]

I use Bankera for sending FIAT to crypto exchanges and works without a problem. I don't think its working with WISE.

Are Bankera a CRS-reporting EMI and what are their limits? can they work with larger sums?

Tasse e Conto Wise | Centro assistenza Wise

Sappiamo che le tasse possono essere complicate e stressanti, ma ecco come funzionano le tasse con il tuo conto Wise. Wise è tenuta a rispettare le leggi fiscali locali in ogni paese in cui operiam...

wise.com

No more nonsense. EMIs disclose tax information only at the request of the tax authorities.

That is wonderful, the problem is. WISE does NOT send to crypto exchanges.
Which other WISE alternatives are there?

 

[dragosaurus]

Are Bankera a CRS-reporting EMI and what are their limits? can they work with larger sums?

That is wonderful, the problem is. WISE does NOT send to crypto exchanges.
Which other WISE alternatives are there?

I have the level 3 verification on my personal bankera account. It took like 2 weeks and a few emails sent with docs and everything to get approved but never had a problem in 6 months since I got my account with them. Even after all the KYC and documents sent to them there are some "operational limits" like 10.000 EUR / transaction ; 25.000 EUR / day and 50.000 EUR / month for personal account. But you can increase this limits with a request. If you have some docs to backup your cash or crypto, you can work with much larger sums without a problem.

As for CRS-reporting, I don't think they do it, EMI's are not forced to report through CRS, maybe if there is a request they will collaborate without hesitation. WISE said that they don't report anything for now. Things can change quickly so do it at your own risk.

 

[BlackJack]

none

sure?

The list of non CRS countries 2019 - 2023

I have compiled the below small list for all of you to get a quick overview of what countries don't participate in the CRS (The Common Reporting Standard) which is an information standard for the Automatic Exchange of Information (AEOI) regarding bank accounts on global level, between the tax...

www.offshorecorptalk.com