moneroworld@monero.townOPtoMonero@monero.town•How to sell $300k+ Monero without origin of funds?English
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11 months agoWhat happens if they claim a SoF document and I fail the check?
What happens if they claim a SoF document and I fail the check?
Good advice, but unfortunately, I can’t buy a house in circular economy yet.
A crypto loan would be a similar situation, since I still need to prove the origin of the crypto in order to get the loan. I bought it with cash, so I can’t provide any real proof that can fulfill a SoF check properly.
Tax is not a problem at all, even if I have to declare the whole amount as pure profit. My main concern is a failed SoF check, which could potentially lead to a block on my crypto.
It is true, but if this amount of cash were to suddenly appear on my account, it could raise red flags.
Thank you, for the great list. I’m definitely going to try some of these services.
Good to see that someone with a considerable amount succeeded in cashing out without issues. Despite that, the PayPal method sounds scary to me. What can I do if they claim a SoF document while blocking my crypto and I fail to pass the check?