>> (p.1)
    Author Topic: How about an exchange in international waters?  (Read 165 times)

    • Bitmore1 (OP)
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    May 02, 2018, 07:25:48 PM
     #1
    Start off by admitting I am ignorant on the subject, but here is a crazy idea;

    Would it be possible to have a ship in international waters as the location of an exchange to avoid having to pay capital gains or income tax on bitcoin or crypto?  Would that be legal?  

    You might have every country with a navy trying to sink it,...

  • OmegaStarScream
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    May 03, 2018, 03:30:14 PM
     #2
    You're not willing to pay taxes but willing to pay for the ship, maintenance etc.? You could just build a decentralized exchange so nobody will be able to take it down.
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  • Kprawn
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    May 03, 2018, 03:58:51 PM
     #3
    Any exchange dealing with fiat conversion would have to adhere to some kind of AML/KYC regulations, so no amount of water

    will stop people from dealing with that. They will also have to link to some Bank for money transfers, so that would void

    international protection. As previously mentioned... the only way to do that would be to create a decentralized exchange that

    are not linked to the Banking system.  Roll Eyes
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  • Meysa_richa
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    May 03, 2018, 04:42:39 PM
     #4
    I do not think it's necessary to make such an exchange, we just do the usual exchanges and believe me that's not too much of a problem.

  • bitart
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    May 03, 2018, 08:23:35 PM
     #5
    Quote from: Kprawn on May 03, 2018, 03:58:51 PM
    Any exchange dealing with fiat conversion would have to adhere to some kind of AML/KYC regulations, so no amount of water

    will stop people from dealing with that. They will also have to link to some Bank for money transfers, so that would void

    international protection. As previously mentioned... the only way to do that would be to create a decentralized exchange that

    are not linked to the Banking system.  Roll Eyes
    Does a decentralized exchange means that you can't exchange the bitcoin/alts to fiat and vice versa, but you can only exchange bitcoins to alts and back? If you don't link to banks, you don't have to follow their rules. If there's a centralized exchange (and not linked to banks) the authorities still can put a pressure on the owner of the centralized exchange. But if it's a decentralized one, authorities can't find a single person to stop the exchagne.
    Do I understand it correctly?
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