Crypto Loan as Source of Funds?

[meze99]

Do EU banks/EMIs accept crypto loans as source of funds?

 

[bigdaddyleon]

probably not

 

[void]

why wouldn't they?

 

[Sols]

Unless it's a loan from a lender that makes sense (i.e. not some random business)‌ or a well-known lender, they will likely just ask where the lender got the money‍ from. Loans from a sketchy lender isn't an acceptable SOF.

 

[Onassis]

Would Binance be considered a sketchy lender in‌ your opinion?

 

[Sols]

It really depends on who's asking. It's not as well known a source for loans‍ as banks or mainstream lenders, and many regulators view Binance with scepticism, warning banks to⁠ do business with Binance. You could end up in a position where you have to⁤ explain how and why Binance is lending you money. More savvy banks/EMIs might understand and⁣ accept.

 

[JohnnyDoe]

You will be asked to provide source of funds for the collateral

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[OffshoreMonero]

Some do.

It depends on the amount and the country/bank you are doing this with.‌

 

[kingsx2]

Hi would it believable to say he bought with cash at btc atm in 2014‌ when btc was 350 usd and he put through a mixer to protect himself

 

[jafo]

That's the bank's competition right there

 

[JohnLocke]

As has already been mentioned here a few times, you really need to have your‌ documentation in order if you want to convince an EMI (Electronic Money Institution) or bank‍ that you have received a crypto loan!

All things considered, there should be a loan⁠ contract from a company that is credible. If the loan comes from some fix or⁤ fax company you just created or someone else just created, or if there are no⁣ financial statements for the respective company, then I am sure it will be rejected solely⁢ for this reason.