Post
Topic
Board Legal
Re: Non-KYC BTC to fiat process
by
zasad@
on 25/01/2023, 13:05:55 UTC
banks in Europe are subject to the guidelines from the national banks, even if there is european regulation trying to regulate crypto.

But the truth is most don't like to see transfers coming in without any reason.
Receiving money from people with names not common in the country where your bank is can raise alarms (it happened to me).

And it even does not matter how big they are, revolut was one of those that closed my account and had accounts with other neobanks from different countries, all ended up closing my account as soon as I told them I sold crypto.

bla bla bla, financing terrorism, AML, bla bla bla
they are all the same
Banks in most countries do not like obscure P2P transfers. But even if you do not have the opportunity to change to fiat with private intermediaries, you can open an account in many payment systems and banks. It is likely that 1 P2P transfer per month or two months will not be a red flag for your bank.