Crypto > Cash idea (no AML/KYC)

[Juanpablo7]

Hi

Abbreviations; (CC) = Credit Card Payment

As title says I can create a Crypto > Cash (CC) or Cash (CC) > Crypto decentralised business but want to legally bypass the AML/KYC using China's CIPS rather than SWIFT. As regulation is more lax. Would I need to do business with a sole bank outside the AML/KYC system?

Is this feasible? As the AML/KYC is my selling point (no id or address just transfer) can create a very simple system. I believe there's a growing trend interested in this especially with the Russia's exclusion with SWIFT. Any feedback/alternative/knowledge are gladly welcome.

 

[JohnnyDoe]

Juanpablo7 said:
Hi

Abbreviations; (CC) = Credit Card Payment

As title says I can create a Crypto > Cash (CC) or Cash (CC) > Crypto decentralised business but want to legally bypass the AML/KYC using China's CIPS rather than SWIFT. As regulation is more lax. Would I need to do business with a sole bank outside the AML/KYC system?

Is this feasible? As the AML/KYC is my selling point (no id or address just transfer) can create a very simple system. I believe there's a growing trend interested in this especially with the Russia's exclusion with SWIFT. Any feedback/alternative/knowledge are gladly welcome.
Click to expand...

Talk to those who do that on a regular basis. You need to have a network of real businesses, bank accounts etc that takes year to be setup. If you know anyone who needs that service, PM me.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[bonox]

@AlexPCS has a promotion thread inside mentor group I'm sure here is able to help you.

 

[CaptK]

JohnnyDoe said:
Talk to those who do that on a regular basis. You need to have a network of real businesses, bank accounts etc that takes year to be setup. If you know anyone who needs that service, PM me.
Click to expand...

You will need quite a heavy set up to run multiple transactions.
Problem you will face is fraudulent payments which will shut down your account.