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RE: (Im)Balance Between Crypto and Fiat .:. Recap of Hive Humpday Hangout Ep.35 + HHHLive Show Recording
yep italy...with debit cards who automatically convert crypto in euros to pay like in the market it would be good to go, like binance card...
But i informed myself about binance card, they want you to KYC...revolut too...and that's the problem that screws you, because then the state gets the information you hold crypto and pay with it and you will receive a letter at home like 'hey where did that money came from? you didn't declare it in the yearly tax report' so you get called by a judge and need to pay (crypto are 26% taxed and you need to declare every single penny you hold), go to a court and so on...i am technically illegal here with hive lol because i never declared anything to the state, but it's not kyc so state can't know and bitrefill saves the day
Well, it depends on how much money you want to move around... those debit cards have their limits, and your country has them too... But, you have to inform yourself before doing it... If you have a lot, it's not the end of the world to declare some taxes, or open a company offshore... 😂
Maybe the BTC ATM isn't a bad solution?
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