Non AEOI / CRS crypto exchange

[heaven]

I'm looking for a crypto exchange that doesn't report assets now and most likely not in the future.

So at which crypto exchange can you open an accounts that isn't tracked under CRS / AEOI as an EU citizen? Also, is the new regulation already in force where crypto assets are reported under CRS?

I heard Bittrex doesn't share information but it's registered in Liechtenstein a CRS country so I guess it won't take long with the new regulations

I'm open for any suggestion.

 

[LondonOTC]

We don't perform KYC, any regulated one does

 

[Penthouse]

I would never send my assets to anyone who doesn't own a reputable business. Even less to someone who is trying all the time to touch other users assets.

Crypto exchange outside of EU do not exchange any data yet. Cryptocurrency is not under CRS scope yet.
Swaps are a good alternative too because you don't need to trust anybody.

 

[Educate]

Penthouse said:
I would never send my assets to anyone who doesn't own a reputable business. Even less to someone who is trying all the time to touch other users assets.

Crypto exchange outside of EU do not exchange any data yet. Cryptocurrency is not under CRS scope yet.
Swaps are a good alternative too because you don't need to trust anybody.
Click to expand...

imo not for long. Govs feel threatened by BTC and might require info from exchanges.

 

[heaven]

Penthouse said:
I would never send my assets to anyone who doesn't own a reputable business. Even less to someone who is trying all the time to touch other users assets.

Crypto exchange outside of EU do not exchange any data yet. Cryptocurrency is not under CRS scope yet.
Swaps are a good alternative too because you don't need to trust anybody.
Click to expand...

Educate said:
imo not for long. Govs feel threatened by BTC and might require info from exchanges.
Click to expand...

I think USDT isn't reported under CRS. Is that true? So if they only report the fiat in your account under CRS and not the crypto value, it should be OK for now.

What do you guys think? I'm sure it won't take long though.

 

[Penthouse]

heaven said:
I think USDT isn't reported under CRS. Is that true? So if they only report the fiat in your account under CRS and not the crypto value, it should be OK for now.

What do you guys think? I'm sure it won't take long though.
Click to expand...

No blockchain reports you itself.
A crypto exchange under scope of data exchange reports your USDT balance too.
Dont store you crypto assets at a centralized plattform like an exchange. Local wallets are the way.

 

[Educate]

Storing crypto on exchange is not the problem.

Selling crypto and storing the FIAT on the exchange is the problem.

How to solve that?

 

[JackAlabama]

LondonOTC said:
We don't perform KYC, any regulated one does
Click to expand...

Do you have an account on localcryptos / remitano as well?
If you mind sharing with everyone, let me know by pm.

 

[Fred]

So far most of the Exchanges doesn't share any information but this can change really fast within this year.

Anyway there are 3rd party providers (regulated with KYC) that are not common for being Crypto related. Such services can be used cashing out crypto and in combination with a CRS shielding jurisdiction like UAE no reporting will happen at all.
Of course in jurisdictions like UAE with a cash based society you can find many OTC providers as well without any KYC.

Here is a link that shows why the UAE setup is a reliable no-CRS solution with the residence visa:
https://www.oecd.org/tax/automatic-...sistance/residence-citizenship-by-investment/
Personally I prefer the first method with a regulated 3rd party provider to cashout crypto and let the cashouts looking like business earnings. I assume you talked about cashing out or shifting profits to fiat because if only want to trade bewteen different crypto currencies there are still many reliable exchanges without KYC ou there. No KYC - No Reporting.

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[Educate]

Fred said:
So far most of the Exchanges doesn't share any information but this can change really fast within this year.

Anyway there are 3rd party providers (regulated with KYC) that are not common for being Crypto related. Such services can be used cashing out crypto and in combination with a CRS shielding jurisdiction like UAE no reporting will happen at all.
Of course in jurisdictions like UAE with a cash based society you can find many OTC providers as well without any KYC.

Here is a link that shows why the UAE setup is a reliable no-CRS solution with the residence visa:
https://www.oecd.org/tax/automatic-...sistance/residence-citizenship-by-investment/
Personally I prefer the first method with a regulated 3rd party provider to cashout crypto and let the cashouts looking like business earnings. I assume you talked about cashing out or shifting profits to fiat because if only want to trade bewteen different crypto currencies there are still many reliable exchanges without KYC ou there. No KYC - No Reporting.
Click to expand...

Would holding stablecoins instead of USD fiat at the exchange be the answer?

 

[Awblackhat]

There are a number of Dexes now which don't require KYC such as Uniswap and 1inch and Sushiswap.. Uniswap is now bigger than Coinbase and handles massive amounts of crypto.

AWBH

 

[IllIlllIII]

As far as I know CARF (Crypto-Assets Reporting Framework) is going to be a part of CRS hasn't been implemented. It's being developed since 2017 and no one knows when it comes to life. So I doubt that any exchange reports crypto at all.