Anybody tried to withdraw money from a crypto exchange to Georgian bank account?

[iloveyouguys]

avalanche said:
Bank of Georgia is perfectly fine with crypto exchanges. Just make sure to have SOLO service.
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What's SOLO? Google didn't help.

avalanche said:
I've got no idea about 100K+ EUR but I heard some people were moving $15K in one transaction. Regarding SOLO I'm pretty sure the conditions are very flexible if you have money. I think you can just dump the necessary amount of money on your account and apply for SOLO. I'm currently in the process of getting it myself.
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What's SOLO? Google didn't help.

ontherun said:
It's not hard to be a resident of Georgia... how did they determine you are not a resident? Lack of some or another residence certificate? Shove a struggling Georgian translation company GEL500... these people keep copies of all documents that land on their desk and they edit them for a living anyway.
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Have you done that? At some point, EMI or the bank would check with the Georgia, no? Say goodbye to your money then

 

[Jea]

OTR365 said:
Residency in Georgia costs minimum 100K USD investment in real estate, or running a business there. It is more expensive than it used to be, but still a viable option if one wants to cash out bitcoin profits.
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That's for the official residency by investment with an ID card. But to cash out from Krypto exchanges you don't need this, as the exchanges only require utility bill as a proof of residence. So you can just rent some place and get an utility bill in your name.

 

[OTR365]

iloveyouguys said:
What's SOLO? Google didn't help.
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https://bankofgeorgia.ge/solo/en/

Jea said:
But to cash out from Krypto exchanges you don't need this, as the exchanges only require utility bill as a proof of residence.
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You don't even need that. Like I said, I've withdrawn from two crypto exchanges to a bank account in Georgia. In both cases, my address was in another country. It was only Etana (Kraken's partner) which refused. So I sent the money via another exchange.

 

[LibertyGuy]

Jea said:
That's for the official residency by investment with an ID card. But to cash out from Krypto exchanges you don't need this, as the exchanges only require utility bill as a proof of residence. So you can just rent some place and get an utility bill in your name.
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Yo can also try Swiss project bity.com and make a transfer to TransferWise Borderless account, after that whatever your want - have done It several times 10$ k +, no questions asked.