Crypto to FIAT - ATM card
- Thread starter Datfeel
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Yeah that's the safest way.
Recently something strange happened to an advcash account under a nominee. It was a verified account with documents but few days ago ADV changed the status back to "not verified" and asked again documents for verification...
Recently something strange happened to an advcash account under a nominee. It was a verified account with documents but few days ago ADV changed the status back to "not verified" and asked again documents for verification...
Let's say you send 1 BTC to Adv (currently valued around $50k), won't this alone trigger various reporting requirements to authorities?
For example, banking requirements in the Netherlands state:︀
"Money transfer offices, for example, have a duty to report all money transfers exceeding an︁ amount of € 2,000 to FIU-the Netherlands. A subjective indicator means that an institution has︂ a duty to report a transaction if it has “reason to suspect” that the transaction︃ is connected with money laundering or terrorist financing." (Source: https://www.fiu-nederland.nl/sites/...en/5276-fiu_jaaroverzicht_2014-engelsweb2.pdf )
Adv probably sets the︄ withdrawal limit to 2500€ per day per day to avoid reporting requirements. But again, won't︅ the initial deposit of crypto to currency trigger other reporting requirements?
For example, banking requirements in the Netherlands state:︀
"Money transfer offices, for example, have a duty to report all money transfers exceeding an︁ amount of € 2,000 to FIU-the Netherlands. A subjective indicator means that an institution has︂ a duty to report a transaction if it has “reason to suspect” that the transaction︃ is connected with money laundering or terrorist financing." (Source: https://www.fiu-nederland.nl/sites/...en/5276-fiu_jaaroverzicht_2014-engelsweb2.pdf )
Adv probably sets the︄ withdrawal limit to 2500€ per day per day to avoid reporting requirements. But again, won't︅ the initial deposit of crypto to currency trigger other reporting requirements?
AdvCash does not report at all, if you keep the money there you won't have troubles. The question is, do you trust them with such amounts.
They might ask you to confirm your address without necessarily provide proof, had this happened with revolut.
When the card expire they could be sending it at the registered address.
They also might require phone verification every now and then by sms ...
Otherwise no problem.
When the card expire they could be sending it at the registered address.
They also might require phone verification every now and then by sms ...
Otherwise no problem.
Opsec, operational specifics/security etc..
Adv allows cashing out into a Bank account( wires/SEPA ) and also allows cashing out into a card...
the bank account+card where the withdrawal from adv would be received has to be solely/physically accessible by you...
The bank acct setup, comes with the Card, the proof of address used for the bank activation covers the card as well...The Card typically expires after 3years..︀cig-:,
Adv allows cashing out into a Bank account( wires/SEPA ) and also allows cashing out into a card...
the bank account+card where the withdrawal from adv would be received has to be solely/physically accessible by you...
The bank acct setup, comes with the Card, the proof of address used for the bank activation covers the card as well...The Card typically expires after 3years..︀cig-:,
If the bank isn't using darks, how is it anonymous? The bank accnt isn't anon. then if it's in your name, surely? - Maybe I'm misunderstanding?
Using Darks in a setup means, the docs have been tampered with,modified and at worst photoshopped...
Anonymous docs are original docs,verifiable,quality standard adhered to,tamper proof and more so recent..whatever platform an anonymous doc has been used on, is guaranteed success...
(i stand by that)cig-:,
The use of darks is a short term solution, an indepth scrutiny and counter verification from authorities reveals the flaws in the use of darks...and hence your opsec would be︀ cancelled,banned /frozen..
Anonymous docs are original docs,verifiable,quality standard adhered to,tamper proof and more so recent..whatever platform an anonymous doc has been used on, is guaranteed success...
(i stand by that)cig-:,
The use of darks is a short term solution, an indepth scrutiny and counter verification from authorities reveals the flaws in the use of darks...and hence your opsec would be︀ cancelled,banned /frozen..
Okay cool - but... how are the Anonymous if not Darks? Who's name do they have on them and how are the docs anonymous?︀ Not arguing - just confused (and keen to understand). Are you saying the docs are︁ in your/the person's name?
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