glenrey79
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November 05, 2017, 08:19:43 AM |
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I think since Visa, Mastercard and the like are financial institution they are required to provide client's information to authorities, specially regulating bodies.
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SheepJEFF
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November 05, 2017, 02:17:28 PM |
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NO! they are not allowed to divulge such information unless authority ask for it.
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BTCMILLIONAIRE
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November 05, 2017, 04:05:35 PM |
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NO! they are not allowed to divulge such information unless authority ask for it.
In some countries they have to report immediately. And if there are any irregularities there might be a thorough investigation. |
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promoza
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November 09, 2017, 07:02:05 PM |
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All banks work with goverment, all of them, except virtual ones!
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BTCMILLIONAIRE
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November 09, 2017, 07:02:48 PM |
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All banks work with goverment, all of them, except virtual ones!
There are no "virtual banks" that do not have to comply with KYC and AML. |
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monkeydominicorobin
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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
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November 10, 2017, 04:56:33 AM |
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Hey there! New here.
I've been using the Bitwala debit card for a while to withdraw money. I think Bitwala is amazing and actually I'm thinking about investing in their next ICO! the service is perfect and the fees are the lowest in the market.
Anywa, the thing is I'm a little bit worried that they (or Wave Crest Holdings, or VISA) would give my information to ECB or to the Central Bank of the country I live (Europe). I would like to keep withdrawing BTC in the Bitwala card without having to worry about the tax agencies or the government messing around. Do you think they have a way of finding out? I'm a little lost here.
Thank you!
Of course they will. They practically have to. As if there is a gun a few inches from their nape. But with regards to taxes nobody can really force you to pay the right amount of taxes. It is your money afterall. You earned it. |
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JeffArryn (OP)
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November 10, 2017, 08:41:42 AM |
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Thank you all for your comments.
What I understood from your advice is that there is no automatic report of information on clients by banks or by Visa, but if required, or if any suspicious activity, they are forced to do that. So I think unless I do something stupid or crazy I'm gonna be fine. At least that's what I understood!
Thank you all again.
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promoza
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November 10, 2017, 09:46:59 AM |
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All banks work with goverment, all of them, except virtual ones!
There are no "virtual banks" that do not have to comply with KYC and AML. Virtual bank "AdvCash.com" Check that out! |
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JeffArryn (OP)
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November 10, 2017, 04:07:54 PM |
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All banks work with goverment, all of them, except virtual ones!
There are no "virtual banks" that do not have to comply with KYC and AML. Virtual bank "AdvCash.com" Check that out! Really? Not KYC policy? I understood this is a policy enforced by VISA and they use a Visa, I dont understand that. |
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BTCMILLIONAIRE
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November 10, 2017, 04:15:16 PM |
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All banks work with goverment, all of them, except virtual ones!
There are no "virtual banks" that do not have to comply with KYC and AML. Virtual bank "AdvCash.com" Check that out! Check the actual modalities. You still have to comply with KYC/AML if you want to be able to use your money. You're just adding an extra step at outrageously high fees. Not to mention that it's completely foolish to go entrust your money to some pseudo-bank. |
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BTCMILLIONAIRE
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November 10, 2017, 04:34:07 PM |
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Are there any legitimate non-KYC cards left at this point? Seems like all died out recently. |
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JeffArryn (OP)
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Merit: 10
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November 10, 2017, 04:45:54 PM |
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Are there any legitimate non-KYC cards left at this point? Seems like all died out recently. I don't think so, they all use Visa/West Crave as a card provider, and for that very reason all have to comply with Visa KYC policies. If you know one let me know  |
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BTCMILLIONAIRE
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November 10, 2017, 04:56:13 PM |
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Are there any legitimate non-KYC cards left at this point? Seems like all died out recently. I don't think so, they all use Visa/West Crave as a card provider, and for that very reason all have to comply with Visa KYC policies. If you know one let me know There were some on Google, but they had extremely high fees and looked like scams, so I don't really know one I would recommend right now. |
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