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Well the banker was clear they need to see buy/sell trades from the exchange. I don't know what other proof any crypto trader would be able to procure. The bank didn't seem likely to want to create any problems in case I provide this information. I do not have some information that the bank...

In any case, thanks for letting me know this is supposed to happen only when things do not add up, because they do add up :) I was also left with the impression that the funds are not available until you show to the bank how you obtained them, which makes sense. The banker told me that once you...

In one bank they told me that they report it - not only when things don't add up. In another bank they did not mentioned something like this but the guy was not very well informed. I don't really care if they report it or not because of course I would declare it but I'm just concerned about a...

Not because I would sell cryptocurrency. I approached them before and explained everything for my case but they need to see documents for the trades which of course are not available yet. Last edited: Oct 30, 2021

Thanks for the answers. I spoke to my bank and they said I need to bring proof of funds in person. They then forward the information to the relevant authorities. But this is just procedural, I was wondering about actual experiences with funds being blocked for months on end. Obviously it can...

It is an EU-wide rule. I don't care about the reporting but getting it unfrozen may take a while and be costly.

You can look here: https://bankenverband.de/blog/mehr-als-10000-euro-einzahlen-das-mussen-bankkunden-wissen/Its a new rule starting from August and I just read 10k is abour your main bank, if its another bank it is 2500 euros. From Germany to Luxembourg, then it is about Luxembourg rules...

So all my funds are legitimate and so is my crypto. I have spoken to the banks, they do not have a problem accepting funds from crypto. I am getting concerned if I make a big deposit to a German bank the deposit can get blocked by either the bank or the tax authorities. I am not concerned it...

Very good information, much appreciated.

what seems to be the problem for Monaco for you? very curious to know. are you still there?

I have been collecting information on Monaco. I am still not clear on the following questions: 1. Do you always have to keep minimum balance 500k (the initial deposit for getting the residency) or are there ways around this? 2. Can you obtain a tax residency certificate? There is information on...

What about people who CAN prove their income and legitimate crypto purchases/sales? can they cash out in Dubai easily?

so in Dubai the local banks do not easily accept crypto, the UAE branches of foreign banks also do not easily accept crypto and the only "solution" is foreign private banks? and in the last case it has to be over 1M and you have to invest with the private bank so the funds are not available for...

Could you give some examples of such banks?

Is this valid also for CIM banque?

Any update on CIM and crypto? would they accept crypto-derived funds to be deposited there?

sorry just saw this, wow that's insane if the sample size is so big (200 years). what else did you learn from this book? and are stocks and gold correlated or uncorrelated with this cycle?

I don't have any experience with private banks yet people seem to recommend them, particularly for cashing out crypto and such. What are the benefits of doing your banking with a private bank? Are your assets more safe with them compared to commercial banks? Are there lots of heavy fees usually...

would you happen to know if they serve private clients with UAE residency?

Cyprus non-dom requires that you have a company in Cyprus, receive an income from the company and rent a flat. So I think what you said about Gibraltar company and Cyprus residency would not work.