Going offshore to escape the CFTC

anybody think about a cryptocard

https://myprepaidcryptocard.com/index.html

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That is actually pretty good, might have to try it out.

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they also have a anonymous private bank accounts, the question will you trust them to hold large amount of money/crypto

https://privatobank.com/

https://myprepaidcryptocard.com/index.html

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Yeah idk man, something tells me this outfit could get shut down by the nanny state authorities in due time. I hope im wrong, but this definitely bucks the norms we are seeing.

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Did GBE end up accepting you?

I didn’t pursue it any further. :frowning:
hyperscalper

Because its free and takes the same time as Demo

cool, i just ask

No KYC requirements for a prepaid card service raises some concerning questions. Per US AML regulations, some form of CIP is required for obtaining, verifying and maintaining identification information, and this usually applies to bank-issued prepaid cards.

Perhaps some loophole is being exploited here in which all of the cards are being issued to a single holder (such as a business entity) and then dispersed, but whether or not that is legal is unknown to me. It would very certainly raise liability concerns for the holding party and issuing bank. The fact that this is a new company with very limited information available about them, it would seem wise to wait things out before making any considerations.

That said, it would be great to have something like this, but as the old saying goes…if it looks too good to be true, then it probably is. I will always choose to keep an open mind, as cynical as it may be.

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Seeing since they cannot even get a cert for https…I would haft to say SCAM SCAM SCAM…

could be, it would be nice if a legit company can offer that service but it’s a grey area and might get shut down by one of the nanny states

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i deleted my posts on that company it was mark as spam

cool, i just ask

That’s good to know. FXBrew seems to do the same thing. I opened an account with them and asked for the information for bank wires and they gave information for a bank in New York. Haven’t deposited any money with them. Glad I saw this.

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fxbrew did have a bank in ireland/scotland area so now they use a bank in New York?

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i would avoid any offshore broker who are using a bank in the U.S. or other services it makes it much easier for U.S. regulators to sue them or shut them down, Tallinex, Evolve Markets, JAFX comes to mind

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Yes according to the wire transfer information the representative emailed me. I don’t think you’re allowed to post all of it in this thread but yeah the address is New York and the routing number is for a bank in New York from the email. :thinking: Still haven’t deposited any money by the way since that email. Better safe than sorry.

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Huh? Evolve does this too? hmmmm…I don’t think they accept US citizens though anyway.

They don’t. That was the point, they got caught and had to shut down operations here.

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