I can't talk for Bitwala etc
But for legitimate 'legal' non-obfuscated -non-illicit funds.
OTC Japan/Korea/HK (exchange backend) -> FE China Merchant Bank (Taiwan) -> EURO SEPA -> Euro Revolut/WIse/EUROPEAN Bank.
The OTC will do SoW/SoF, FE China is a international merchant bank they do the transactions for the licensed/regulated OTC.
Funds coming into Revolut/Wise/Europe (on SEPA rails) are checked -> verified (mentioned above) and don't come in as Crypto but as from Financial Institution.
https://www.feib.com.tw/english/index
As for why people are gated on here. I did a long winded post the other day.
If you are a legitimate person with a legitimate enterprise, in a world where organisations are dealing with a regulatory environment of hostility and a industry that is︀ budding along is being tainted and thats the industry you have a interest in, at︁ the same time strangers openly are looking to miss-use the systems around you the last︂ thing you do is openly give pointers to said strangers because
1) You can be︃ implicated in some form of criminal act.
2) You could see the enterprise you've suggested︄ get ensnarled in some sort of criminal act which would have consequences to your enterprise︅ logistics.
On this forum, there is at times too many new people joining with interest︆ not in running legitimate offshore companies or lives but in laundering, increasingly they are spotted︇ and shut down robustly these days.
I live in Asia, do business in Asia, at︈ the time FE was core to ensuring our staff were paid, or operations covered.
Now not so much so the impact has been negated so I don't mind openly putting︉ their name above.
__________
Just to give an example.
1) - you make a suggested︋ merchant bank.
2) - You get some nogging join the forum who's been told set︌ up a belize company for tax reasons.
3) - Nogging doesn't realise setting up a︍ belize company whilst living in the UK doesn't absolve the company from UK Corporate Tax︎ or himself from taxes.
4) - Nogging uses recommended merchant bank, merchant bank looks into️ SoW/SoF from OTC/Broker/Crypto/ATS and all looks clean, no flags.
5) HMRC investigate Nogging
6) HMRC determine Nogging is one of thousands
7) HMRC looks at route of funds
8) HMRC determine Merchant Bank is aiding in tax evasion = thus = money laundering
9) HMRC with partners crush Merchant Bank
10) Merchant Bank(s) clients (all) now under suspicion due to Nogging and many Noggings using merchant bank
You can see where this is going.
Like i said in my long winded post the other day, these 'f**k-heads' need to move like those of us that have done and establish legitimate lines for their business to operate, not chance and taint legitimate enterprises and legitimate flows of capital by trying to︀ run illicit operations (tax evasion is illicit).
Their short cuts impact the legitimate businesses that︁ use the same services.
