MONERO

[michael reader]

if someone has like 950 million dollars and wanted to exchange crypto for cash but specifically monero, once the money is now fiat, what would more than likely they do? deposit the money in some bank and if not, where could they keep this money if not in financial institutions? then where may i ask? one billion dollars have been exchanged for monero and now fiat, what options do they have if not financial institutions???? can anyone make any suggestions? anyone or someone? rsvp.

 

[JohnLocke]

Please post in the proper forum! Thread moved!

Toggle signature

>> Unlock the Power of OffshoreCorpTalk: Become a Member of the Mentor Group Gold <<​

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[Martin Everson]

michael reader said:
if someone has like 950 million dollars and wanted to exchange crypto for cash but specifically monero,
Click to expand...

When you say someone do you mean a corporate entity or a natural person?

michael reader said:
what would more than likely they do? deposit the money in some bank and if not, where could they keep this money if not in financial institutions?
Click to expand...

Which currency are they depositing as this is very important? Secondly the bank should ideally be a direct clearing bank i.e one with an account at the ECB, Fed or local national bank for it to work. There is no issue with depositing large funds in good banks as long as due diligence has been done on source of funds.

michael reader said:
what options do they have if not financial institutions????
Click to expand...

Sinaloa Cartel???? El Chapo Guzman????....sorry his locked up now.ns2

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[mrmrmanhuman]

A direct purchase into anything that stores value, that is not a financial account type asset could work. Something like art or actual gold

 

[michael reader]

im sorry but to what forum has my thread been moved to? rsvp.

Admin said:
Please post in the proper forum! Thread moved!
Click to expand...

 

[michael reader]

i mean a natural person not an entity. they have not disclosed source of funds because they chose not to do so at their discretion! like maybe 1.5 billion dollars worth of monero. rsvp.

Martin Everson said:
When you say someone do you mean a corporate entity or a natural person?



Which currency are they depositing as this is very important? Secondly the bank should ideally be a direct clearing bank i.e one with an account at the ECB, Fed or local national bank for it to work. There is no issue with depositing large funds in good banks as long as due diligence has been done on source of funds.



Sinaloa Cartel???? El Chapo Guzman????....sorry his locked up now.ns2
Click to expand...