Cashing and legitimising crypto income

[mnemonic]

Dear Anon,

I happen to be a lady of a respectable age with the consistent income in cryptocurrencies (20k Per month). I utmost desire to securely transfer these funds into the Fiat, temporarilly store them in the trustworthy bank account and lastly - buy some real estate all around the globe, for my beloved cats.

Unfortunattely, as I have come to learn, most of the fiancial institutions do not share the libertarian values and ideals, that me and my cats proudly hold and are therefore prone to be overly concerned with the origin and the destination of the funds, so our question is - what would be the optimal set up for channeling the funds from crypto to the safe Fiat storage, which would allow the invetsment in the real estate, so highly valued by my feral companions?

The only solution we have come so far is as follows:

1. Set up a company providing designer services for cryprocurrencies. The company can be registered in Seychelles.
2. The company receives the payment in inherently anonymous currency (Monero), exchanges funds on Kraken and transfers Fiat into the EMI.
3. Funds from the EMI are transfered to my personal account in one of the carribian banks, from which I buy the real estate.

However, I'm not sure that this set up would provide enough legitimisation of the income. I'm sure there should be a more elegant solution to this, which would withstand an undesired scrutiny from the international criminal entities which have monopolised the organised violance.

I know my question is very broad and even somewhat naive, but please be kind to an old lady, my cat will be eternally grateful for your input.

Blessings,
XX

 

[jpearson]

If you actively trade crypto, there are benefits in creating a Seychelles corp. You can open a corporate Kraken account and fund it with Monero. This would give you a good platform to trade without having to worry about reporting capital gains. But you can accomplish the same using decentralized exchanges.

Do you know which EMIs are supported by Kraken? I would like to know as well. I'd also like to know if any broker, fiat or stocks, would accept a Seychelles corporate account without a bank account. Funding woud have to be done to/from Kraken (through an EMI if necessary). This configuration would allow you to diversify your portfolio. Abscent from that, you can wait for crypto derivatives with non-cryto underlying (like MakerDAO) to become more mature to avoid fiat exit entirely.

I don't think that transferring fiat to your name is a good idea if you're in a developed country. They may not know about your crypto activities, but you may get audited because of the large transaction and fold under questioning. The best solution that I found is to use the offshore entity for tax deferral only. Pay yourself dividends, cash out and declare income. Your tax burden will be low if your lifestyle is frugal. Splurging is for normies anyway.

Alternatively, you may be able to make real estate investments using Bitcoin. This seems to be possible in theory but I haven't done enough research.