Re-introduce crypto gains to brick and mortar fiat bank
- Thread starter Zikki
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If some banks refuse your business because of level 2/3/...n unacceptable (in their view) SOF, can we still assume there will be banks that will accept legit property sale proceeds with no further question asked?
International laws are complex, can someone elaborate on money laundering liability regarding multiple layers of assets and financial institutions?
International laws are complex, can someone elaborate on money laundering liability regarding multiple layers of assets and financial institutions?
I will indirectly lead you down a path to understanding "law". There was a thing called Seriatim Opinions in the Supreme Court. They abolished that because it only proves that even learned justices NEVER agreed or came up with the same reasons for their decisions.
The point is that even learned justices can't agree with each other. Now imagine the "people" working in tax offices. 😳
Further reading:
(1) Seriatim - Wikipedia
(2) The "Seriatim Practice" of the Supreme Court - Yale University Press
(3) Seriatim - Simple English Wikipedia, the free encyclopedia.
PS. I can︀ cite case after case where this is obvious, but one should only know that courts︁ are like casinos., The house usually wins. stupi#21
The point is that even learned justices can't agree with each other. Now imagine the "people" working in tax offices. 😳
Further reading:
(1) Seriatim - Wikipedia
(2) The "Seriatim Practice" of the Supreme Court - Yale University Press
(3) Seriatim - Simple English Wikipedia, the free encyclopedia.
PS. I can︀ cite case after case where this is obvious, but one should only know that courts︁ are like casinos., The house usually wins. stupi#21
Welcome to OUR world! 😎
He is NOT scared! It's called being WIDE AWAKE and prudent! 😉
(1) 1% of the cases - I only get CASH from trusted non-KYC sources. I wrote looonnngggggg time ago about this. Everyone has to find their OWN trusted source, as︀ this is a mutual one-on-one agreement. Recommendations and referrals do NOT exist in my world︁ or with my sources. How can it be? Only two people are allowed to meet.︂ The seller and the buyer. There can't be anyone else present.
Also, think about it...︃ What's the upside? Exactly....there is NONE!
Your SWIM is super correct! He just now has︄ to find "trusted" NO-KYC people who will give him cash for his crypto! He doesn't︅ even have to "send" the crypto. Just hand over the ledger, trezor, or even phone,︆ and let the buyer handle it from then on! That's what I do.
(2) 99%︇ of the cases - We use crypto to pay suppliers in Asia directly. There is︈ no bank in the middle BS. Quick and super efficient. Super low cost! No funds︉ frozen, no stupid questions. No docs are required,no invoices, etc, etc. No contracts! 😉
Good for you! If it works for you, you are︍ GOLDEN! Good luck! 😉
For others, we have examples like these:
https://www.reddit.com/r/Revolut/comments/13ewec8/ugh_they_closed_my_account
I'm NOT interested in︎ shenanigans with banks or exchanges. To each their own, though! 😎
He is NOT scared! It's called being WIDE AWAKE and prudent! 😉
(1) 1% of the cases - I only get CASH from trusted non-KYC sources. I wrote looonnngggggg time ago about this. Everyone has to find their OWN trusted source, as︀ this is a mutual one-on-one agreement. Recommendations and referrals do NOT exist in my world︁ or with my sources. How can it be? Only two people are allowed to meet.︂ The seller and the buyer. There can't be anyone else present.
Also, think about it...︃ What's the upside? Exactly....there is NONE!
Your SWIM is super correct! He just now has︄ to find "trusted" NO-KYC people who will give him cash for his crypto! He doesn't︅ even have to "send" the crypto. Just hand over the ledger, trezor, or even phone,︆ and let the buyer handle it from then on! That's what I do.
(2) 99%︇ of the cases - We use crypto to pay suppliers in Asia directly. There is︈ no bank in the middle BS. Quick and super efficient. Super low cost! No funds︉ frozen, no stupid questions. No docs are required,no invoices, etc, etc. No contracts! 😉
Good for you! If it works for you, you are︍ GOLDEN! Good luck! 😉
For others, we have examples like these:
https://www.reddit.com/r/Revolut/comments/13ewec8/ugh_they_closed_my_account
I'm NOT interested in︎ shenanigans with banks or exchanges. To each their own, though! 😎
@Frank in Bangkok , do you see what I mean by the absence of high trust nowadays? 🙄
What's the remedy for this? 🙄
Can you imagine if I bring someone who thinks this way to a "HIGH-TRUST group?" stupi#21
It was mentioned here: Hawala Provider
----------------------------------
To answer @PinkCat now...
We have already discussed HIGH-TRUST cultures here! And "cultures" are NOT limited to ethnicity, race, religion, or whatnot. It's about a particular type of individual and︀ his mentality!
I was going to go into a lecture, but why? It will all︁ fall on deaf ears! This is something parents should teach their children when they are︂ infants. ange¤%&
I'm NOT going to go into what WILL, unequivocally, happen to me if I︃ try to pull off what you mentioned. damn_(
Needless to say, it will NOT involve cops,︄ lawyers, prosecutors, judges, courts, or any other useless and unproductive man-made fantasies to extract value︅ from men who produce. ca#"!
----------------
Now....my upbringing...
If I did that, and my parents found︆ out (and they will), my OWN parents would "send" me back to where I came︇ from. No doubt! I still have a scar from when I was a kid, and︈ there was a rumor some white kid (we were less than 0.5% of the population︉ back then in that country) "stole" some grapes from a tree in someone's backyard. I︊ won't get into the details of what my French/British mom did to me, but I︋ would rather hang out at Guantanamo being waterboarded than have to go through that again.︌ damn_( On a f*cking RUMOR! Luckily for me, a very astute German lady, a psychiatrist, quickly︍ jumped in to discover that some of the locals just wanted the parents of the︎ white kids to punish & beat them for something that NEVER happened! 😡
Bruuuuhhhhh... had Frau️ Hildegard (RIP) NOT done that, by the time my dad arrived home from the oil fields, I would have been history! stupi#21
I was six at that time! cry&¤
Actions of the "HIGH-TRUST group/society" are primarily based on the concept of "What We Owe To Each Other." ange¤%&
I am at a COMPLETE LOSS of how to explain ethics and moral philosophy to anyone! I've had to study that from a young age and don't even have to think about it anymore. It comes naturally to me.
On the topic of "What We Owe To Each Other," the best I can suggest is reading the works of the︀ German philosopher Immanuel Kant (1724-1804). ange¤%&
--------------------------
In summary, my business is based on 100% trust!︁ There are ZERO contracts!
(1) Sometimes, I ship millions of "Kuwaiti Dinars" (have to point︂ to a neutral currency to keep the leeches at bay 😉 ) in merchandise to my︃ buyers. My buyers can tell me to go f*ck myself after they receive it. It︄ has NEVER happened in +4 decades. This is the HIGH-TRUST society Mr. @Frank in Bangkok︅ was alluding to.
(2) Sometimes, my clients send me millions in "crypto" (used to be︆ wire transfers, but the cabal is hellbent on ending competition now) to manufacture or purchase︇ products for them. A person devoid of integrity and honesty could "hallucinate" about doing a︈ rug pull, but that thought has NEVER crossed my mind. Like I said, my parents︉ would be so disappointed in me...and they both are already resting in peace, but I︊ have a conscience, and I refuse to be another POS. That market is heavily saturated.︋ smi(&% rof/%
Cheers!
What's the remedy for this? 🙄
Can you imagine if I bring someone who thinks this way to a "HIGH-TRUST group?" stupi#21
It was mentioned here: Hawala Provider
----------------------------------
To answer @PinkCat now...
We have already discussed HIGH-TRUST cultures here! And "cultures" are NOT limited to ethnicity, race, religion, or whatnot. It's about a particular type of individual and︀ his mentality!
I was going to go into a lecture, but why? It will all︁ fall on deaf ears! This is something parents should teach their children when they are︂ infants. ange¤%&
I'm NOT going to go into what WILL, unequivocally, happen to me if I︃ try to pull off what you mentioned. damn_(
Needless to say, it will NOT involve cops,︄ lawyers, prosecutors, judges, courts, or any other useless and unproductive man-made fantasies to extract value︅ from men who produce. ca#"!
----------------
Now....my upbringing...
If I did that, and my parents found︆ out (and they will), my OWN parents would "send" me back to where I came︇ from. No doubt! I still have a scar from when I was a kid, and︈ there was a rumor some white kid (we were less than 0.5% of the population︉ back then in that country) "stole" some grapes from a tree in someone's backyard. I︊ won't get into the details of what my French/British mom did to me, but I︋ would rather hang out at Guantanamo being waterboarded than have to go through that again.︌ damn_( On a f*cking RUMOR! Luckily for me, a very astute German lady, a psychiatrist, quickly︍ jumped in to discover that some of the locals just wanted the parents of the︎ white kids to punish & beat them for something that NEVER happened! 😡
Bruuuuhhhhh... had Frau️ Hildegard (RIP) NOT done that, by the time my dad arrived home from the oil fields, I would have been history! stupi#21
I was six at that time! cry&¤
Actions of the "HIGH-TRUST group/society" are primarily based on the concept of "What We Owe To Each Other." ange¤%&
I am at a COMPLETE LOSS of how to explain ethics and moral philosophy to anyone! I've had to study that from a young age and don't even have to think about it anymore. It comes naturally to me.
On the topic of "What We Owe To Each Other," the best I can suggest is reading the works of the︀ German philosopher Immanuel Kant (1724-1804). ange¤%&
--------------------------
In summary, my business is based on 100% trust!︁ There are ZERO contracts!
(1) Sometimes, I ship millions of "Kuwaiti Dinars" (have to point︂ to a neutral currency to keep the leeches at bay 😉 ) in merchandise to my︃ buyers. My buyers can tell me to go f*ck myself after they receive it. It︄ has NEVER happened in +4 decades. This is the HIGH-TRUST society Mr. @Frank in Bangkok︅ was alluding to.
(2) Sometimes, my clients send me millions in "crypto" (used to be︆ wire transfers, but the cabal is hellbent on ending competition now) to manufacture or purchase︇ products for them. A person devoid of integrity and honesty could "hallucinate" about doing a︈ rug pull, but that thought has NEVER crossed my mind. Like I said, my parents︉ would be so disappointed in me...and they both are already resting in peace, but I︊ have a conscience, and I refuse to be another POS. That market is heavily saturated.︋ smi(&% rof/%
Cheers!
It doesn't necessarily have to be Binance P2P; any trusted business dealing in crypto can suffice. Keep some invoices handy in case you need to provide an explanation. Your property contract in the UAE can specify that you paid in cash. Where did the cash come from? Your business bank account. How did the money get into your business bank account? From selling your crypto to a trusted business that exchanges your crypto for fiat, providing invoices for all business-related transactions.︀ So, don't stress about it too much.
True! Unfortunately, business started in the early '80s, and Bitcoin didn't even surface until 2009. That is 29 years of developed trust before Bitcoin's existence. By 2009, most of the "High-Trust group" was already set financially for life! 😉
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