Quote from: LeGaulois on November 25, 2017, 02:09:52 PM

Quote from: levalencia on November 25, 2017, 01:01:25 PM

2.A friend of mine who lives in Colombia can buy bitcoins in localbitcoin F2F at some good price, lets say 6000 dollars one, then he sends it to my wallet in belgium using XAPO.COM. I can immediately go and get the money out of an ATM and we can do 9% earnings immediately. or even more if we wait for btc to go up.

However I have to send him his money back and half of the earnings, 4.5%. We did this test with only 100 dollars just for testing purposes. However that wire transfer is under my name.

We want to do it with at least 1btc per month, I am afraid of how regulations work here in Belgium, the money will never be deposited into a belgium account, but there will be a trace of me sending a lot of money 6k per month and they might think where I am getting the money from.

1. How can I do this as legal as possible and not get into any kind of troubles
2. Wlill I have to pay any taxes on those transactions each year? otherwise seems not a good transaction at all,

thx

You should ask in the French subforum because there are some Belgium citizens there, but if I am not wrong there are no taxes in Belgium with cryptocurrencies (not yet). Yes, you have records of you sending money to buy bitcoins but you are sending to a friend, not to a company. They have no way to know that you are sending money for the purpose to buy bitcoin. (they can't see you're friend bank account and to know what he is doing with)
In fact, the one who maybe should be worried is your friend in Colombia because he is buying and selling bitcoin and he is supposed to report the profits from buying and selling.

If you are from the Flemish or Wallonia zone and don't know French language I can help you to translate if you want so you can ask there to the Belgium folks

Thank you, indeed I dont speak french or dutch as I am an expat in Belgium, can you help me with the translation?