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I'm new to all of this. Was never in a financial position to have to ask myself these questions in the past. Now that I've made progress in terms of my wealth, I'm trying to learn how to best go about preserving it without making any dumb mistakes. My current goal is to obtain a residency...

I've lived in areas you could consider third world countries in the past and am in no way expecting Mexico to come close to the safety of Switzerland. If safety were the main concern, I could just stay put in Switzerland. Fully aware of the discrepancies in wealth / income between the two...

Have been looking into this option too, but it seems to be a bit trickier due to a technicality, i.e. needing to move back to my home country temporarily in order to get a specific document that is required to obtain residency in Paraguay. It's technically still doable, just a pain in the a*s...

No reason to be condescending. I understand the point you're trying to make on BTCs superiority. You've shared your IBKR portfolio here too in the past, so I assume you're no stranger to diversification and investing in things other than BTC. If only it were this easy. Timing is obviously a...

Fair enough! Do you fully discount any potential systemic risks to stable-coins? I have PTSD from seeing USDC and then USDT depeg these past few years , and am still not 100% sure about tether, given the fud around lack of audits / reserves. At least not sure enough to want to bet my entire...

Say there's reasons I would require access to banking though - wouldn't using Cite Gestion in conjunction with Mt Pelerin be a viable option for cashing out as a Swiss citizen? Have seen you mention this solution in the past.

That's a very valid point, thank you. My current issue is that I've been without a fixed residency for the past 2 years, due to perpetual traveling. I'm now looking to get a residency somewhere in order to get access to banking and cash out some crypto. Have been looking into using Mt Pelerin...

Does anyone know whether banking in a CRS jurisdiction will in practice cause the Mexican tax authorities to get involved and make claims? Am currently looking at Mexico as a solution for residency, combined with banking in Switzerland. I've equally received the guidance of not declaring foreign...

Would be interested to hear more about people's experience with getting access to banking using a PY residency. Is this seen as a red flag in regions outside of the UAE, or is that the exception?

This is useful, thank you. So the idea would be to first establish an alternate tax residency, before then being able to approach a Swiss bank? I'm not extremely keen on moving to UAE - would their golden visa or a tax residency in other areas with a territorial tax system be viable alternatives?

Sure, which is why I will always remain invested in crypto. My end goal isn't to move from crypto to fiat, it's to have fiat at my disposal to pursue alternative investments and diversify a bit. Not sure why this is controversial...

If only it was that easy.. It's usually a matter of when, not if

That also sounds like a viable option - my only worry is that banking in Switzerland would cause the tax authorities in CH to get involved and potentially assert a claim. I know too little to determine if this is a legitimate worry though. I am to reallocate some of my crypto into other...

Thank you @ActionMan, this is extremely helpful information! Will dig into the options you mentioned, am thankfully not in a rush and want to weigh all options before doing anything

I appreciate the input @jafo! I'm aware of the intricacies of crypto taxation in Switzerland - unfortunately a significant portion of my funds would likely classify as taxable income in Switzerland due to its nature. If it were only a matter of capital gains, keeping a Swiss residency would...

are you referring to OTC transactions? Curious to find out more, as using crypto directly without going through too many different providers is also an interesting option to me

I appreciate your concern about moving into fiat. After being almost 100% in crypto for many years, I'm looking for a slightly more conservative long-term approach, as 50%+ portfolio swings aren't the most stress free option. More of a reallocation than getting out for good.. I don't plan to...

Hello everyone, I'm a Swiss citizen, who has been traveling full-time in Central America without a tax residency for the past 2 years. I've legitimately accumulated significant cryptocurrency holdings (low seven figures). I am planning to convert a large portion of these funds to fiat within...