Binance asking questions

[JohnnyDoe]

I just received this request from Binance. Is it a standard one or should I be worried?

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[Sols]

Binance is cleaning up. This is probably a part of that undertaking.

 

[Martin Everson]

What is this BS now.

Whose asking for 2023 tax statement when we are still‌ in 2023...lol????

 

[Sols]

Hey, cut them some slack. It's their‍ first time doing basic KYC. 😉

 

[Konstanz]

So true. After years of non compliance first baby steps. I am waiting‌ to see how MICA regulation would influence them.
It will be no child game anymore.‍ Will have to have proper licenses other way will loose them

 

[Wellington]

SAR gonna be filed and‍ US gov will take a peak.

 

[jafo]

What other financials? 🙄
Are you‍ supposed to guess the fantasies they hallucinate in their heads? 🙄

 

[void]

will binance survive 2024?

 

[jafo]

100%! They are now a US‌ honeypot and will probably be acquired by a US company! Maybe Coinbase, Kraken, or even‍ the likes of Blackrock (or a spin-off). dev56"""dev56"""dev56"""dev56"""

 

[Wellington]

no, they are filing now... didn't before thats the look back team ...

 

[Martin Everson]

When Binance is asking for your tax return they are likely doing basic due diligence‌ specifically to check if you are committing tax evasion . Otherwise they would ask for‍ basic source of funds.

I can't remember if your still in Italy or left -⁠ maybe I am wrong....lol. But could also be standard tax office request such as what⁤ HMRC did to Coinbase for all UK residents who made withdrawals over £5,000 in fiat⁣ during 2021.

https://www.reuters.com/markets/us/...egulator-amid-plans-expand-europe-2022-05-27/

 

[void]

that's waaaay better than zero tax... nothing to question
keep us posted, I'm very⁠ curious

 

[Konstanz]

It's not zero but 100k eur/year

 

[void]

I know - that's‌ why I say that it's way better than telling Binance "I pay no taxes"...

 

[Konstanz]

Let's say one has this 100k regime. You live in Italy ant have BVI⁠ company. So you still pay tax for this BVI company because it's "managed in Italy"⁤ ?
This "foreign source" income is not explained what it is.

How about crypto trading.⁣ If you live in Italy and trade , so this does not cover these 100k?⁢

 

[jafo]

#Bingo! It doesn't matter who it is,‍ if they are NOT very wealthy and also paying zero taxes, you WILL get hate⁠ and maybe more.

PS. As a precautionary method, I tell people I don't even earn⁤ enough to survive. I've discovered that telling others I am struggling and a few hours⁣ away from homelessness brightens their day rof/% 😉

 

[hlepic211]

Last time a got an AML request it was from FTX 5 days before they‌ collapsed (was trading there since the beginning and this was the first time they wanted‍ something). I sent them the documents and took everything out the minute they removed the⁠ withdrawal hold. Would advise to do the same here, not because I think Binance will⁤ vanish but they will torture you again and again with their requests.

 

[jafo]

#Bingoooooooooooooo

 

[Rotor]

Yes very true. Once a centralized exchange starts going down this path, usually⁣ there's no happy ending. Death by a thousand cuts (for you and for them).