Hi everybody, I have a serious question to address:
How will you tell (or reveal) to your Bank that the huge daily (or weekly) deposits into your Bank Account are from crypto-currency profits?
- Would you go to your local Bank Branch and tell them ahead of time, that you are a crypto-currency investor BEFORE you make huge deposits?
- Would you go to your local Bank Branch and tell them that you are a crypto-currency investor AFTER you make huge deposits?
This question is important, especially for people of modest income that SUDDENLY start to make huge profits from crypto-currency.
This is really a question that is very difficult to answer. Especially in some countries, it is not allowed to use crypto. I have never had a transaction so big so I do not know what to do if encountering such a situation. But in my opinion, I would split that money up and deposit it into different accounts