Which EMIs right now are still doable and don't report CRS?
- Thread starter DavidS
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No accurate, even financial institutions without banking licenses might be required to report under CRS, e.g some users have shared that they've been reported by Lithuanian EMIs
Yes, as it is under UK jurisdiction and has UK EMI licence.
Btw, Wise is NOT crypto friendly, AFAIK.
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
With Wise you can receive payments from regulated crypto exchanges like kraken, it has already been discussed on this forum a few times. I recently received 5 digits amounts multiple times without problems.
Sending from WISE to crypto exchanges I don't know if its working, never tried but the other way around its working with platforms like kraken, bitstamp etc.
Sending from WISE to crypto exchanges I don't know if its working, never tried but the other way around its working with platforms like kraken, bitstamp etc.
I use Bankera for sending FIAT to crypto exchanges and works without a problem. I don't think its working with WISE.
https://wise.com/it/help/articles/2932394/tasse-e-conto-wiseNo more nonsense. EMIs disclose tax information only at the request of the tax authorities.
Are Bankera a CRS-reporting EMI and what are their limits? can they work with larger sums?
That is wonderful, the problem is. WISE does NOT send to crypto exchanges.
Which other WISE alternatives are there?
I have the level 3 verification on my personal bankera account. It took like 2 weeks and a few emails sent with docs and everything to get approved but never had a problem in 6 months since I got my account with them. Even after all the KYC and documents sent to them there are some "operational limits" like 10.000 EUR / transaction ; 25.000 EUR / day and 50.000 EUR / month for personal account. But you can increase this limits with a request. If you have some docs to backup your cash or crypto, you can work with much larger sums without a problem.
As for CRS-reporting, I don't think they do it, EMI's are not forced to report through CRS, maybe if there is a request they will collaborate without hesitation. WISE said that they don't report anything for now. Things can change quickly so do it at your own risk.
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