(1) First things first: I'm assuming that your︆ crypto is LEGIT, meaning it was NOT derived from a crime (especially Mala in Se).︇ Read here:
Re-introduce crypto gains to brick and mortar fiat bank
You also need to︈ observe ALL your local laws, that apply to your business...if any.
(2) Second, read this:︉
Tether founder Brock Pierce defaults, loses hotel, sues partner
(3) Third, there are thousands of︊ methods for doing this, but your method works too. Many people have used it successfully︋ and continue to do so. It works just fine. Just make sure that your crypto︌ wallet is NOT linked IRL to you. For example, don't go onto e.g. Binance, and︍ from that crypto wallet convert ANYTHING to FIAT on your KYCed account.
That crypto wallet/address︎ (I had guys who imported a wallet and started using it personally - I can't️ start to express my disappointment with them). is forever for your Chinese suppliers.
Think of it as a bridge. Don't build bridges with you or anyone else! I mean, euphemistically, a bridge like the one below!
The bridge is between 1 Chinese supplier and the crypto wallet/address. It's a one-to-one relationship!
I don't know if you work with databases or spreadsheets, but it's︀ like this:
Source:
Video: Create one-to-one relationships - Microsoft Support.
(4)
Why? Are you collecting witnesses against you to help your opponents/enemies? Would you bring potential︂ girlfriends into your marital home with your jealous wife there and risk at least 50%︃ of your net worth???? Of course, you won't! This is an absolutely bad idea! Horrible︄ idea! Scrap this.
(5)
This way will work, but there are much better ways.
If you are in one︉ of the Mentor Groups and it's valid, I'll guide you step by step. No︊ charge! None! Of course, I mean like 15 minutes a week, assuming you are prepared︋ and send me your concerns beforehand. Lest I be misunderstood and to put any concerns︌ to rest, I don't want to know your name, your country, your supplier, how much︍ money you are sending, or receiving, your net worth, or even what you sell or︎ buy. I simply will tell you how I do it and from THAT you need️ to extrapolate the best method that applies to YOUR scenario.
Example: The way I tape my boxes (in the spirit of simplicity here so disregarding weight) is the length of the box in cm + 8 cm overhang on each side. So, a 30 cm box, would require (2 * 30cm) + (4 * 8cm) = 92 cm of tape. I don't need your name, the contents of the box, its destination, how you paid, the supplier, or anything else. You need to then figure out, and extrapolate, if you have a box with a length of 45 cm, how much tape you will need.︀ Get it?
(6)
I can tell you that in Zug, as long as I pay︃ the required taxes on my profit, nobody cares. YMMV.
(7)
#Bingo! 100%︅ correct! I can't stress this enough!
😎
(8)
rof/% smi(&% China doesn't care!︇ China gets 25% of the profit. The banks in China do care due to banking︈ international oversight (read Western interference), but suppliers are compelled to exchange their cryptos for ¥︉ and receive them on their WeChat Pay or Alipay. A few years ago, I was︊ also shocked China didn't give a flying Fvck. See my convo on WeChat with one︋ of my suppliers. I added the link in #2. NGL, when I first heard China︌ declared all cryptocurrency-related transactions illegal, I almost had a stroke, but then later I came︍ to understand that mainlanders are NOT allowed to keep crypto or transact crypto with each︎ other. It didn't apply to buyers like me who want to purchase supplies from Chinese️ suppliers and export the products overseas. There are a few other exceptions too, but I rather stay on topic.
😉
Brilliant observation!
😎 Reminds me of when an associate went in front of a Grand Jury in the '90s for buying things too cheap and took a walk with them through an end-of-season sale at Burdines! Nobody asked Burdines about the provenance of their products that were discounted 90% off the original price or why such a cheap price. The grand jury was disbanded right after that since most of the GJ members also bought products at Burdines without asking *the question*, including the prosecutor's wife rof/%
