Want to help bring money back to US and EU from China ideals and suggestions?

[greenalliancegroup]

I personally want to start a service in China. Help wealthy individuals to move there cash out of China into the US and EU. I plan to setup a BTC OP over there.

The problem with the chinese climate in Asia Pacific is restrictiveness of the currency and outflow of RMB. I want to help bring capital back to the US and EU with Bitcoin. I plan to setup accounts in the New York City and London. I am hoping the Bit License will allow me to do MSB services in NY. While in London I plan to do use the bank as port to transfer funds from BTC to Sterling pound or the Euro.

Want some suggestions from anyone in the EU or US on what licenses I would need. I don't want to end up as Mark Karapeles. The Feds confiscating millions of dollars.

Any suggestions?

[manobra]

Are you sure you know what you talking about?

[greenalliancegroup]

Are you sure you know what you talking about?

So what advice can you offer? I am just throwing out a comment so I can get some input.

[mysidia]

So what advice can you offer? I am just throwing out a comment so I can get some input.

I think you need the advice from professional business attorneys and accountants familiar with international finance regulation, banking, and compliance requirements in all the countries involved, for starters.

China's requirements  may be among the most onerous, so getting competent advice from a professional about money service regulations and compliance in that jurisdiction would be especially important.

It feels like you had just said the monetary equivalent of....  "... trying to come up with a DIY design and construct a new kind of nuclear reactor in my basement, to sell 'lectricity.  any suggestions?".

[Bit_Happy]

...While in London I plan to do use the bank as port to transfer funds from BTC to Sterling pound or the Euro....

Using which BTC exchange, where are you selling the BTC?
For the USA you might want to talk to Coinbase since they are the biggest fully functioning option.

[greenalliancegroup]

I appreciate the comments. I was thinking of starting small like localbitcoins in china and eventually grow it. Start small and see how it goes. Has anyone used local bitcoins in China?

[BenAnh]

If you want to bring cash out of China through trades, maybe some US residents would be interested as they need to inject to China to buy BTC. I'm interested if we can work out a deal then slowly but steadily you can use cash in the US. Slowly to build trust but escrow is a must. PM me with your proposal.