Recent content by venturevis

What happens when you get a bunch of disputes and your balance cannot cover it? Then the payment processor goes to charge your bank on file, but oh wait, you closed your account and withdrew all your cash. The balance is now negative, how can the processor recoup those funds? They need some...

Confused on the topic, I am hearing 2 different things from both sides. If I have a FZCO that sells online to US based customers, and none of the customers are domiciled in the UAE would I pay the 9% corporate tax? The company is based in UAE, and it would have substance there but the...

And digital ocean has access to all your band width and internet activity? Why not use a company that dealt with all the compliance to cover your butt? And has bare metal servers. Does not seem as conducive for privacy, hosting yourself does not do anything other than switch the trust from a VPN...

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I am a US citizen, planning to move to Dubai, form a freezone company, and apply for a residence visa. I will keep a majority of the profits inside the company, and I want the company to pay tax in Dubai not the US as the freezone company tax rate will be 0%. If I create the company and it's not...

Paxful is registered as a MSB you can check on fincen directory, aswell as Localbitcoins lol. They are regulated, and ban users in certain states like New York which requires additional compliance. It is illegal to sell crypto and not vet your customers, i'm fully aware, but we aren't selling...

Create a localmonero account, create a localcoinswap account. Go open a trade and you will not have to provide any KYC when onboarding the platform, only once you facilitate a transaction where you are exchanging crypto/fiat the vendor will then prompt you the user to provide photo ID, and...

There's CEX's that allow for no KYC but put restrictions on how much volume you can trade. Please create a paxful account, do not enable ID verification and you will see tier 1 allows for you to trade under a certain amount of volume. There's a myriad of exchanges that run this way, Bisq...

Okay no point to argue this, my platform will implement KYC/AML procedures anyway, without KYC can transact only smaller than 10k. This is how 90% of platform are, I will let you think you are right. You seem to have some pent up aggression, looking to offload on this forum. I like to argue and...

Okay what else will I call this type of exchange? Hey i'm trying to start a marketplace where users can exchange crypto directly with eachother, no i'm going to say peer to peer exchange, that is the term. Binance has a platform built in called Binance P2P or binance peer to peer and it is the...

It very much is so, if you check the website it says it "Join the Most Trusted and Largest Peer-to-Peer Bitcoin Trading Platform" in big text on the front page. Peer to peer as in users can exchange cryptos amongst eachother rather with the entity localbitcoins. I can see your point, P2P as in...

No, peer to peer. A marketplace whereby a user can sell his bitcoins / fiat directly to another user, the platform will act as an escrow and place to connect the buyer & seller. There is many examples like paxful and localbitcoins, the compliance is not an issue as we never receive payment from...

P2P exchange is different than a regular spot exchange in terms of legal. You are not a money transmitter as the crypto transaction is from user to user, the company never facilitates any cryptocurrency transaction as the user does.