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May 19, 2016, 05:52:44 PM |
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Hey everyone! sorry for the english language. Need your advice on the situation:
I am soon moving to Norway for long-term work and I will be able to visit Sweden too a few times per year. I have been trading BTC for some time on a local exchange platform, but it is illegal in my country to withdraw the BTC. I know from Wikipedia that the BTC is legal in both Sweden and Norway but they are regulated a bit differently.
My question is - if I can open bank accounts in both Sweden and Norway and then just go to localbitcoins and choose a trader to help me withdraw some of my BTC - what is the best country to withdraw to? Is there any tax or limitations by the government or banks? I can move like 2-3 BTC at a time. I can do it frequently too - have some money saved on the exchange. But I am afraid that they will apply some sort of VAT or whatever and I will lose a lot money.
I have also read the news that due to the terror threat in Europe, a lot of countries will soon make tighter laws in regards to BTC. So I was wondering if it is even worth investing at this point or is it really more a pain in the ass. Please update on the current status!
Thank you in advance for your input!
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