Offshore Company for Crypto Activities
I’m heavily into crypto trading and staking. Is it smarter to operate under an offshore entity, or is that just adding more complexity? Also, how do banks treat crypto-linked offshore companies?
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IYFUSA Group
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I’ve been deep into crypto trading and staking for a while, and I actually set up an offshore entity last year. It definitely offers tax and privacy benefits, but it does come with more complexity — banking, compliance, and reporting can be tricky depending on your jurisdiction. Some banks are cautious or outright avoid crypto-linked offshore companies, so expect extra due diligence. Personally, I balance everything by keeping detailed records and staying transparent. Even when converting something simple like 0.01 ETH to USD, I document every step. It’s smarter if you’re structured, but not for everyone