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Title: Seeking legal advice for selling large amounts UK Post by: SureLockLoans on March 31, 2015, 01:57:38 AM Hello
so in the future I plan on selling large amounts of Bitcoin which I personally gained legitamatly either through mining or trading. Buying low selling high what ever the case may be. When I want to sell these Bitcoins here in the UK (Up to as much as 250k) What would I need to make this legal and not case any legal problems? Would I need any licenses or would I need to maybe sell lower amounts in a specific time frame? All help is appreciated. Title: Re: Seeking legal advice for selling large amounts UK Post by: Blackbird0 on March 31, 2015, 02:09:54 AM Consult a lawyer in your jurisdiction, not on the internet.
Title: Re: Seeking legal advice for selling large amounts UK Post by: leps on March 31, 2015, 02:15:24 AM There are couple of post on forum about this:
1 of them is:https://bitcointalk.org/index.php?topic=347861.20 I dont know but i think if you cash out part by part it wont be problem..with that amount maybe u can even pump and dump? Title: Re: Seeking legal advice for selling large amounts UK Post by: Amph on March 31, 2015, 06:51:31 AM declare them and pay the taxes, and you won't have any problem with any amount, just be sure to have all the movements from which you have gained those, so you can prove that those money were earned legally
Title: Re: Seeking legal advice for selling large amounts UK Post by: SureLockLoans on March 31, 2015, 11:35:04 PM Thanks for the help I know about claiming taxes and what not but just wondering if there was any other requirements after reading about a few people getting possible prison time because of selling to high volumes on local bitcoins even though that was in the US
Title: Re: Seeking legal advice for selling large amounts UK Post by: gentlemand on April 03, 2015, 07:02:53 PM The US is an extremely different legal environment to the UK.
Are you talking about selling them to individual people or via markets and exchanges? They're your property, so it's your right to sell any amount of them. It might trip money laundering alerts but as long as you can account for where it's all from it'll be fine. I don't think any bank account of yours would last very long doing constant trades though. That would be a much bigger problem. Title: Re: Seeking legal advice for selling large amounts UK Post by: ceccinabenna on April 04, 2015, 08:42:14 PM hello i think i can help you. i have a partner who buys bitcoin. his email is fredocani45@gmail.com.
you might email and ask. he is ligit and reliable Title: Re: Seeking legal advice for selling large amounts UK Post by: bitcoinsolicitor on April 04, 2015, 09:00:10 PM Consult a lawyer in your jurisdiction, not on the internet. As above. For legal advice contact a authorised and qualified lawyer in your jurisdiction. For tax advice contact a authorised and qualified chartered accountant in your jurisdiction. For legal advice in England contact www.selachii.co.uk Title: Re: Seeking legal advice for selling large amounts UK Post by: ashour on April 11, 2015, 07:56:40 AM Consult a tax attorney and a lawyer they will guide you throw the whole process. Just make sure you the tax regarding the bitcoin ASAP, the government will only care if you pay the taxes.
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