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Peter Hun

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Posts posted by Peter Hun

  1. 15 minutes ago, markyh said:

    Not really, you just need to get a visa and go and live in an EU country for a bit. For small amounts yes difficult, but if like a lot of Crypto OG you have decent six figures wealth in Crypto you can create options. Once you establish yourself as a “resident” you will easily get a EU bank account. 

    Bypass Uk’s ban by moving to the EU. Make 6 figure crypto profits first.

    Brilliant.

  2. 40 minutes ago, markyh said:

    If Binance offer it they should just sell Crypto into € Euro's and withdraw to UK accounts using the EU SEPA system.  I did this several times in 2019 when Kraken didnt offer FPS at the time.  There will be a lower fee but a small FX on the fly loss but GBP will arrive in your bank account and you get a nice transaction alert detailing the transfer by email or in the post. 

    More than one way to skin a cat. lol. 

    Alternatively use a exchange that isn’t banned. That’s what 99% of customers will do.

    FCA can stop binance using SEPA to deal with Uk customers, of course.

     

  3. 7 hours ago, goldbug9999 said:

    Legally they might have the theoretical power to do so but its not like they have some technical kill switch actually wired into everything where they can go "right were going to stop all monetary transactions by marky right this second" .

    June 28, 2021 6:34 pm by Adam Samson

    Binance customers have lost the ability to withdraw and deposit pounds using one of the main UK payments systems three days after the country’s financial watchdog banned the crypto exchange from operating in Britain.

    On Monday the digital asset company said on its main exchange, Binance.com, that the ability to remove sterling from the platform through a system known as Faster Payments had been “suspended for maintenance”. Binance did not say how long the outage would last and declined to immediately comment on the notice.

    Faster Payments, a service used by major banks to process payments quickly, is one of the key channels for moving traditional currencies to and from the exchange. While Binance’s website says customers can still move money using bank cards, the lack of access to Faster Payments represents a significant curb on UK clients’ abilities to pull money from the exchange directly into their bank accounts. Several people messaged Binance on Twitter on Monday to enquire about the Faster Payments suspension.

  4. 13 hours ago, smash said:

    Couldn't you go to El Salvador and spend a holiday emptying ATMs of USD and just bring it back, how would the FCA know?

    In you have more than £1000 in cash when crossing the UK border into can be confiscated as proceeds of crime at the UK border. The border guards will check you back ground and conclude your are money laundering. 

    It shows up on x-ray, btw, as I found out.

  5. 1 hour ago, scottbeard said:

    Just the same way that, thanks to regulations, Class A drugs, prostitution, cash-in-hand jobs and snogging work colleagues during a pandemic don't exist.

    Or could it be that actually governments don't actually have the power to stop things happening?

    So you really think they cannot stop you transferring between fiat and crypto when every single electronic transaction is under their control?

  6. 1 hour ago, markyh said:

    Nothing stopping me opening a bank account in the USA, I already have a EU Euro Bank account with english online banking opened "just in case" the FCA pull any crap. 

    I could sell into Euro's and transfer from my EU bank account to my UK bank account € to £ via a SEPA transfer. 

    Nothing short of a universal worldwide co-ordinated ban of Crypto could stop me, and with Bitcoin mining moving out of China, and several countries opting to adopt Bitcoin as legal tender, there is literally nothing the FCA can do to stop this, because they just cant tell where in the world banking system is also dealing in Crypto. 

    The War is lost, but they still want to fight losing battles to cling to FIAT.  

    How would you qualify for a US and EU bank account? Are you resident?

  7. The FCA also this weekend issued a consumer warning against both the Cayman Islands-registered Binance holdings company and Binance Markets Limited, a London-based affiliate that is controlled by chief executive Changpeng Zhao and is overseen by the UK regulator. 

    “Binance Markets Limited is not permitted to undertake any regulated activity in the UK,” the FCA said, adding, “no other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK.”

  8. The UK’s financial watchdog has ordered Binance to stop all regulated activities in Britain and imposed stringent requirements in a stinging rebuke of one of the world’s biggest cryptocurrency exchanges. 

    The intervention by the Financial Conduct Authority in recent days is one of the most significant moves any global regulator has made against Binance, a sprawling digital asset firm with subsidiaries around the world. The exchange has until Wednesday evening to confirm it has complied with the watchdog’s demands, and removed its advertising.

    The intervention is a sign of how regulators are cracking down on the cryptocurrency industry over concerns relating to its potential role in illicit activities such as money laundering and fraud, and over often weak consumer protection.

  9. 1 hour ago, Bob8 said:

    Here I will be a wide eyed fan boy. The collapse of the Soviet-block led to a transition, in the large majority of cases to reasonably functioning democracies. Taking that for granted is something only possible with hindsight, it is unheard of that so a power could collapse and stability come in the wake of it. There are exceptions, Yugoslavia more tragically and the further East of Europe.

    That is not entrely down to the EU, but it was certainly a significant part. Regardless of whether the UK should be in the EU (it is a separate issue), I am grateful we saw EU entry.

    Why does Netherlands thinks it has the right to tell Hungary leave the EU?  It has no more than Hungary has to impose its opinions.

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