Arbitrage Opportunity - Experienced - Easy Money - Korea - USA

[crumm97]

I am willing to work with any Korean traders to make money off of the difference between the USA exchange and the Korean exchange.  I am in the USA and can send cheaper coins to Korea.  I have done this successfully before and have hit the 50000 limit.  We can split the profits.  Shoot me an email if you are interested: crumm97@gmail.com.

[hanswerner33]

the 50k limit is only when you do not want to be taxed, the problem I see now is that your bank is not allowed to remit money which came from bitcoin and they trace it back. So you would need to best sell the bitcoin local, but then again you would need to explain above 50k to your bank where you got the money from,

[Gasolinux]

the 50k limit is only when you do not want to be taxed, the problem I see now is that your bank is not allowed to remit money which came from bitcoin and they trace it back. So you would need to best sell the bitcoin local, but then again you would need to explain above 50k to your bank where you got the money from,

Are you referring to the bank in South Korea or the bank in the USA?

[hanswerner33]

So I learned the hard way, the 50k limit is a general limit on individuals. Unless you have a business bank account and been previously cleared for forex, you are stuck.
It seems the law is that you can open an arbitrage company, but that would require you to put money into the business and be accepted then still by a bank as a customer. Other ways are by piggy backing on existing companies who do import/export and put the money on top. That is though then very suspicious and I think will get you into Money Laundry investigation in no time.

I have been doing as such Arbitrage with China now, only about 6%, but that pretty consecutive and wiring about 20k back daily.