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OTC desks for cash best practices
In order to avoid disclosing your entire crypto worth via chain analysis, what are the best practices when using KYC OTC desks to cash out small amounts (< US$10K)? Is using a one-time disposable wallet address with XMR swaps for each cash-out the most sensible approach? How do you handle it?- Mercury
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- Replies: 14
- Forum: BitCoin, AltCoins - CryptoCurrency
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USD vs Global Currencies
USD is still the king of Fiat money.- Mercury
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- Replies: 47
- Forum: Let''s talk body
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HK Company Ltd for Crypto holding and tax-free cash out?
Is incorporating a HK Limited to hold and cash out crypto tax-free achievable? UBO: HK non-resident Corporate Banking: Singapore (DBS/OCBC/SC ....) Crypto: Stablecoin (USDT) as capital contribution and loans from UBO Cash out to SG offshore bank account: USDT -> USD (OTC) 1/month or less...- Mercury
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- Replies: 7
- Forum: Offshore Company
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Priority/Premier Banking with Crypto
This new thread regards priority/premier bank account opening using crypto as source of funds. @TheCryptoAnt Thanks for your feedback. It seems like the conditions for DBS Treasures account (SGD350K). Do they ask a mandatory TIN during onboarding? (I could ask for one as a Thai resident but...- Mercury
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- Replies: 15
- Forum: Offshore Bank & EMI Accounts
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US$500K crypto cash out in UAE Total Cost
I open this new thread as per @icecold advice. Thank you @Fred. So, basically on US$500K cashed out via the UAE structure you provide it will remain - all costs (fees/substance/money locked in the bank) considered - it will remain: 500K - 1% - 3% = 480K that can be freely used. That makes a...- Mercury
- Thread
- Replies: 12
- Forum: General Business Discussions