legally earn bitcoin (Crypto) cashout method without any setup in Dubai or any other juridication
- Thread starter troubled soul
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No. UAE, and especially Dubai is much better than lets say Panama.
However, it is not that black and white, your passport and other documentation also do matter a lot.
Also the amount you want to deposit and the location of the bank in question.
If you have 20M in inheritance and want to place it all with a bank offshore and chose to retire and live in DRC 😉, banks could still talk to you whereas if you are in the mining business there, you could face some difficulties︀ 😉.
If you have a good working relashionship with a bank, they will also look︁ for solution should your residence in question become problematic etc.
It is a pretty fluid︂ situation.
I came to notice that even being located inside EU can be a problem︃ and will have restrictions in trading (I have a bank which will put trade restrictions︄ should I ever be in EU).
E.g. trading with margin
However, it is not that black and white, your passport and other documentation also do matter a lot.
Also the amount you want to deposit and the location of the bank in question.
If you have 20M in inheritance and want to place it all with a bank offshore and chose to retire and live in DRC 😉, banks could still talk to you whereas if you are in the mining business there, you could face some difficulties︀ 😉.
If you have a good working relashionship with a bank, they will also look︁ for solution should your residence in question become problematic etc.
It is a pretty fluid︂ situation.
I came to notice that even being located inside EU can be a problem︃ and will have restrictions in trading (I have a bank which will put trade restrictions︄ should I ever be in EU).
E.g. trading with margin
What type of restriction do they apply?
Another question, does this apply for all banks there?
We noticed that the last time we had a guy who had to make a bank transfer to our account, they claim their bank asked for a trading license from us! It's ridiculous since it was a UK LTD which does not require a trading license!
Another question, does this apply for all banks there?
We noticed that the last time we had a guy who had to make a bank transfer to our account, they claim their bank asked for a trading license from us! It's ridiculous since it was a UK LTD which does not require a trading license!
Its a bank in asia (dont want to name it here) I have margin trading stock account with. Maybe has to do with leveraged trading rules of the eu and availability of products, but I never bothered to︀ investigate further.
So said bank will close my trading account with them if Id to︁ pick up a eu residency.
No idea what kind of nonsense other banks do there︂ sadly, but compliance will go overboard eventually and it is hard to predict when the︃ hammer hits you. 😉
So said bank will close my trading account with them if Id to︁ pick up a eu residency.
No idea what kind of nonsense other banks do there︂ sadly, but compliance will go overboard eventually and it is hard to predict when the︃ hammer hits you. 😉
Hello azb1
what the other members posted is showing me that all of them are not up to date right now ( July 2021 ) In Germany and even Austria you don t need to be an resident to change Crypto officially. In fact you do not need to be an EU resident or citizen to realize it if you know how to proceed you do not even have to KYC or identify yourself . Im was working in german financial industry for yeARS. All you need is an good layer and some banking contacts, easy to setup even from your homecountry. Remember every bank︀ in these two countries is in favour of buying and dealing with cryptos at the︁ moment.
If you need detailled information please write your emailadress I will give you an︂ how to guide .
what the other members posted is showing me that all of them are not up to date right now ( July 2021 ) In Germany and even Austria you don t need to be an resident to change Crypto officially. In fact you do not need to be an EU resident or citizen to realize it if you know how to proceed you do not even have to KYC or identify yourself . Im was working in german financial industry for yeARS. All you need is an good layer and some banking contacts, easy to setup even from your homecountry. Remember every bank︀ in these two countries is in favour of buying and dealing with cryptos at the︁ moment.
If you need detailled information please write your emailadress I will give you an︂ how to guide .
Hello Alkaline , thank you for your answer, because of english not beeing my mother language Im not sure what s the meaning of your word #pm#. If you nedd further infpormation of my post please answer this conversation sending your emailadress so I will try to help you
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