Not happy to KYC on some of the funds, but I can do it if need be.
My main question is what constitutes as 'I own these', when there are no receipts or documentation, bank transactions or anything.
I understand things differ depending on jurisdictions, but it's all new to me.
But even KYC doesn't work when the banks refuse transactions from exchanges and they demand proof of initial purchase to the final transaction.
What a headache.
By the way, does anyone know the legality of P2P transactions? Is it legal to buy and sell BTC for cash from a random person in your jurisdiction?
I read something about having to go through an authorised, legalized entity.
there is always the form a business option.
Business takes in the BTC converts to fiat and then pays you a salary. Probably a bunch more of tax implications doing that but at that point all you are is an employee.
Side thought, is there a version of consfer.com where you live? Might be worth a search.
-Dave
I will write to you 3 ways to change bitcoins in Russia.
You can exchange bitcoins for fiat at the office, but this may not be safe.
Another way is to send cryptocurrencies and in return receive a QR code that can be used to withdraw money from an ATM. Safu, but the limit is 500-1000 dollars for 1 time.
Legalization. You register as a self-employed freelancer and change cryptocurrency to your accounts in Perfect Money, PayPal, Advanced Cash, Skrill, Payeer, Neteller and other payment systems.
https://www.bestchange.com/I dont know how legal and risky it is in your country, but if you are asked where the money comes from, then you will say that you provided consultations and other services for money, and paid taxes on profits.
By 'business takes in the BTC' do you mean I set a business or hook up with an existing one?
And if I set up a business, how would the business get hold of the BTC and convert them to cash? Don't they run into the same issue?
I reside in the Netherlands.